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1. Here is the demand for coconuts: P345678911131620 QD11001000900800700600500400300200100 And here is supply P123456789101112 QS10020030040050060070080090010001100 Identify the equilibrium price, quantity, consumer and producer surplus and
1. Here is the demand for coconuts:
P345678911131620
QD11001000900800700600500400300200100
And here is supply
P123456789101112
QS10020030040050060070080090010001100
Identify the equilibrium price, quantity, consumer and producer surplus and show them on a graph.
Find the numbers for consumer and producer surplus.
Calculate it like it's a bunch of rectangles.Don't do the triangle thing that they do in the videos.Also, when doing this keep in mind that the width of these rectangles will not be 1 so be careful.What is the width of that rectangle?
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