Question: Given: (x is number of items) Demand function: d(x) = 630 -0.5x2 Supply function: s(a) = 0.2x2 Find the equilibrium quantity: 30 Find the consumers

Given: (x is number of items) Demand function: d(x) = 630

Given: (x is number of items) Demand function: d(x) = 630 -0.5x2 Supply function: s(a) = 0.2x2 Find the equilibrium quantity: 30 Find the consumers surplus at the equilibrium quantity: 12150

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