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anonymous
 5 years ago
For the given supply and demand equations, find the consumer surplus.
Demand Supply
P=100  0.05x P=25 + 0.1 x
anonymous
 5 years ago
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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anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0p= 100 0.05x multiplying with 20 on both side , we get 20p=2000x

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Why do you multiply with 20?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0to make the equation easier

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Ok I guess I don't understand were the 20 came from I thought you were suppossed to set the equations equal to eachother....

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0then for the supply equation , we have to multiply it with 10 on both sides which wud be 10p=250+x

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0solve for p and x p=75 and x=500

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0because we are applyling tjhe equilibrium condition

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0because we are applyling tjhe equilibrium condition

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so I got the p=75 and x=500 a different way but where do i go from there

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0now we find the consumer surplus triangle area where height would be 100 75

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0base would be quantity traded which is 25 from from the supply equation

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0uh ok so none of my answers that I can chose from match up with that...?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0I think this is the method.....sorry if its wrong

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0A.$6,250 B.$12,500 C.$19,000 D.$25,000 E.$26,000

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Those are the answers I can chose from....

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0lemme c it once again then

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0For the given supply and demand equations, find the consumer surplus. Demand P=100  0.05x Supply P=25 + 0.1 x

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0the base is not 25 its 500 right which is the quanity traded

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Okay that works thank you!
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