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The first equation is a demand equation and the second is a supply équatloh of a proe p=24 -0.6q p=6+1.4q The consumers' surplus at equilibrium is $ (Type an integer or a decimal.) The producers' surplus at equilibrium is $ (Type an integer or a decimal.)

The first equation is a demand equation and the second is a supply équatloh of a proe p=24 -0.6q p=6+1.4q The consumers' surplus at equilibrium is $ (Type an integer or a decimal.) The producers' surplus at equilibrium is $ (Type an integer or a decimal.)

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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The first equation is a demand equation and the second is a supply equation of a product. Determine consumers' surplus and producers' surplus under market equilibrium. p=24-0.6q p=6+1.4q ... The consumers' surplus at equilibrium is $ (Type an integer or a decimal.) The producers' surplus at equilibrium is $ (Type an integer or a decimal.)
Transcribed Image Text:The first equation is a demand equation and the second is a supply equation of a product. Determine consumers' surplus and producers' surplus under market equilibrium. p=24-0.6q p=6+1.4q ... The consumers' surplus at equilibrium is $ (Type an integer or a decimal.) The producers' surplus at equilibrium is $ (Type an integer or a decimal.)
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