The demand for wooden chairs can be modeled as

D(p) = 0.01p + 4.45 million chairs where p is the price (in dollars) of a chair.

(b) What quantity of wooden chairs will consumers purchase when the market price is$79.95? (Round your answer to three decimal places.) (blank) million chairs (c) Calculate the market price at which4million wooden chairs are in demand. $ (blank) per chair (d) Calculate the consumers' surplus when consumers purchase4million wooden chairs. $(blank) million

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