The weekly demand function for a
certain brand of desk lamp is given by
p= -0.1x? – 0.5x + 22...
Mathematics, 28.05.2021 07:20 xojade
The weekly demand function for a
certain brand of desk lamp is given by
p= -0.1x? – 0.5x + 22
where p is the price (in dollars) and x
represents the number of lamps
demanded each week (in units of a
hundred). The corresponding supply
function is given by
p = 0.1x² + 0.5x + 14.8
Find the consumers' surplus when the
market price is set at the equilibrium
price.
Answers: 2
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