Question: The demand function for a product is p = 49 x2 and the supply function is p=4x+4. Find the equilibrium point and the consumers

The demand function for a product is p = 49 – x2 and the supply function is p=4x+4. Find the equilibrium point and the consumer’s surplus there.

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At equilibrium point Demand Supply 49 x 2 4x 4 45 x 2 4... View full answer

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