Question: Given: ( x is number of items) Demand function:d(x)=4000.2x Supply function:s(x)=0.6x Find the equilibrium quantity:___________________ Find the consumers surplus at the equilibrium quantity:________________
Given: (xis number of items)
Demand function:d(x)=4000.2x
Supply function:s(x)=0.6x
Find the equilibrium quantity:___________________
Find the consumers surplus at the equilibrium quantity:________________
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