Question
Given: (x is number of items)
Demand function: d(x) = 202.5 – 0.6x?
Supply function: s(x) = 0.3x²
Find the equilibrium quantity:
Find the consumers surplus at the equilibrium quantity:
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Transcribed Image Text

Given: (x is number of items) Demand function: d(x) = 202.5 – 0.6x? Supply function: s(x) = 0.3x² Find the equilibrium quantity: Find the consumers surplus at the equilibrium quantity:

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