asked 54.9k views
3 votes
Given the demand function p = 85 - 5x and supply function p = 3x - 35. The consumer's surplus is ?​

asked
User MCBama
by
8.0k points

1 Answer

4 votes

Step-by-step explanation:

At equilibrium demand price=supply price

Therefore consumer surplus is 15 units.

Given the demand function p = 85 - 5x and supply function p = 3x - 35. The consumer-example-1
answered
User Shaunetta
by
8.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.