Question: Given: ( x is number of items) Demand function:d(x)=3000.5x Supply function:s(x)=0.3x Find the equilibrium quantity:________________________ Find the consumers surplus at the equilibrium quantity:_______
Given: (xis number of items)
Demand function:d(x)=3000.5x
Supply function:s(x)=0.3x
Find the equilibrium quantity:________________________
Find the consumers surplus at the equilibrium quantity:_______
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