Calculate the consumers' surplus at the indicated unit price
p
for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.)
p = 150 − q; p = 30
3 answers
Hint: substitute 30 for p and solve for q.
Calculate the consumers' surplus at the indicated unit price
p
for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.)
p = 10 − 2q; p = 1
p
for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.)
p = 10 − 2q; p = 1
Calculate the consumers' surplus at the indicated unit price
p
for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.)
p = 12 − 2q; p = 2
p
for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.)
p = 12 − 2q; p = 2