Mathematics, 05.05.2020 09:14 libbymcvay
D(x) is the price, in dollars per unit, that consumers are willing to pay for x units of an item, and S(x) is the price, in dollars per unit, that producers are willing to accept for x units. Find (a) the equilibrium point, (b) the consumer surplus at the equilibrium point, and (c) the producer surplus at the equilibrium point. D(x)=(x-7)^2, S(x)=x^2+4x+31
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D(x) is the price, in dollars per unit, that consumers are willing to pay for x units of an item, an...
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