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anonymous
 5 years ago
For the given supply and demand equations, find the consumer surplus.
Demand
p = 140 – 0.00006x
Supply
p = 100 + 0.00004x
a.$4,800,000
b.$5,280,000
c.$5,760,000
d.$7,200,000
e.$3,200,000
anonymous
 5 years ago
For the given supply and demand equations, find the consumer surplus. Demand p = 140 – 0.00006x Supply p = 100 + 0.00004x a.$4,800,000 b.$5,280,000 c.$5,760,000 d.$7,200,000 e.$3,200,000

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anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Ok so I did the same thing on the last problem I thought and got x=400000 and p=116...but then when I did the multiplication I had a number in the thousands?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0u should take away 116 from the price on the demand equation which will give 24. Then 24*400000*.5

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Oh ok that's where I made the mistake then.... Thank you very much!
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