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Given: (x is number of items) Demand function: d(x) = 532.4 - 0.5x2 Supply function: s(x) = 0.6x2 Find the equilibrium quantity: 22 Find
Given: (x is number of items) Demand function: d(x) = 532.4 - 0.5x2 Supply function: s(x) = 0.6x2 Find the equilibrium quantity: 22 Find the consumers surplus at the equilibrium quantity: 1839.2
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