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The demand equation for a product is given by the relation: (p+10X9+20) = 1000, while the supply equation is given by the relation: 9-4p+10=0 Note: Market equilibrium occurs when p. = 10 and 4 = 30 i) Calculate producers' surplus (PS) under market equilibrium.
The demand equation for a product is given by the relation: (p+10X9+20) = 1000, while the supply equation is given by the relation: 9-4p+10=0 Note: Market equilibrium occurs when p. = 10 and 4 = 30 i) Calculate producers' surplus (PS) under market equilibrium.
papayaprofessorLv10
12 Oct 2022
Sixta KovacekLv2
10 Dec 2018
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