For the given supply and demand equations, find the consumer surplus. Demand Supply P=100 - 0.05x P=25 + 0.1 x

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For the given supply and demand equations, find the consumer surplus. Demand Supply P=100 - 0.05x P=25 + 0.1 x

Mathematics
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p= 100 -0.05x multiplying with 20 on both side , we get 20p=2000-x
Why do you multiply with 20?
to make the equation easier

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Ok I guess I don't understand were the 20 came from I thought you were suppossed to set the equations equal to eachother....
then for the supply equation , we have to multiply it with 10 on both sides which wud be 10p=250+x
ok
solve for p and x p=75 and x=500
alright
because we are applyling tjhe equilibrium condition
because we are applyling tjhe equilibrium condition
so I got the p=75 and x=500 a different way but where do i go from there
now we find the consumer surplus triangle area where height would be 100 -75
25
base would be quantity traded which is 25 from from the supply equation
so 0.5*25*25=312.5
uh ok so none of my answers that I can chose from match up with that...?
I think this is the method.....sorry if its wrong
A.$6,250 B.$12,500 C.$19,000 D.$25,000 E.$26,000
Those are the answers I can chose from....
lemme c it once again then
For the given supply and demand equations, find the consumer surplus. Demand P=100 - 0.05x Supply P=25 + 0.1 x
sorry it is 6250
the base is not 25 its 500 right which is the quanity traded
so 500*25*0.5=6250
okay with that
Okay that works thank you!

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