Question: A particular commodity has a price - demand equation given by p = sqrt ( 1 3 , 4 1 1 - 4 1 5
A particular commodity has a pricedemand equation given by psqrt x where x is the amount in pounds of the commodity demanded when the price is p dollars per pound.
a Find consumers' surplus if the equilibrium quantity is pounds. Round your answer to the nearest cent if necessary.
$
b Find consumers' surplus if the equilibrium price is dollars. Round your answer to the nearest cent if necessary.
$
Enter a number.
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