Use the supply and demand schedules in Problems 27 and 28, with p in dollars and x

Question:

Use the supply and demand schedules in Problems 27 and 28, with p in dollars and x as the number of units.
Supply Schedule Demand Schedule х 120 2400 10 260 10 1500 20 380 20 1200 450 30 950 40 540 40 800 50 630 50 730 60 680

Use Simpson's Rule to approximate the consumer's surplus at market equilibrium. Round all calculations to 2 decimal places

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: