Question: Given: (x is number of items) Demand function: d(x) = 1057.1 -0.6x Supply function: s(x) = 0.5x Find the equilibrium quantity: Find the consumers surplus
Given: ( x is number of items) Demand function: d(x)=1057.10.6x2 Supply function: s(x)=0.5x2 Find the equilibrium quantity: Find the consumers surplus at the equitibrium quantity
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