Given: (x is number of items)2500Demand function: d(x) =Supply function: s(r) = 4/7Find the equilibrium quantity:itemsFind the consumers surplus at the equilibrium quantity: $

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Given: (x is number of items) 2500 Demand function: d(x) = Supply function: s(x) = 4Va Find the equilibrium quantity: items Find the consumers surplus at the equilibrium quantity: $

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter4: Linear Functions

Section4.2: Modeling With Linear Functions

Problem 25SE: For the following exercises, consider this scenario: The number of people afflicted with the common...

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Differential Equations

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Question

Given: (x is number of items)
2500
Demand function: d(x) =
Supply function: s(r) = 4/7
Find the equilibrium quantity:
items
Find the consumers surplus at the equilibrium quantity: $

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