Given: (
x is number of items)
Demand function:
d(x)=500−0.2x
Supply function:
s(x)=0.6x
Find the equilibrium quantity:
Find the consumers surplus at the equilibrium quantity:
[more..]
Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity
Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity