Question: (a) Graph the systems of inequalities representing the consumer surplus and producer surplus for the supply and demand equations (b) Find the consumer surplus and
(a) Graph the systems of inequalities representing the consumer surplus and producer surplus for the supply and demand equations
(b) Find the consumer surplus and producer surplus.
Demand ................................................... Supply
1. p = 50 − 0.5x .......................................... p = 0.125x
2. p = 100 − 0.05x ....................................... p = 25 + 0.1x
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1 a Demand Supply 50 05x 0125x 50 0625x 80 x 10 p Point of equilibrium ... View full answer
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