A popular three-story dollhouse has a price-demand equation given by p=D(x)=207-0.8x and the price-supply equation is given by p=S(x)=0.2x+132, where x is the number of dollhouses demanded/supplied when the price is p dollars each. (a) Find the consumers' surplus for the dollhouses. (b) Find the producers' surplus for the dollhouses.

A popular three-story dollhouse has a price-demand equation given by p=D(x)=207-0.8x and the price-supply equation is given by p=S(x)=0.2x+132, where x is the number of dollhouses demanded/supplied when the price is p dollars each. (a) Find the consumers' surplus for the dollhouses. (b) Find the producers' surplus for the dollhouses.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter9: Quadratic Functions And Equations

Section9.7: Solving Systems Of Linear And Quadratic Equations

Problem 3GP

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