Given the pair of price-demand and price-supply equations below, calculate each of thne following: a) Equilibrium Quantity b) Equilibrium Price c) Consumers' Surplus d) Producers' Surplus (Round all values to the nearest integer and do NOT use commas or dollar signs). p = D(x) = 90 – 0.1x p = S(x) = 13+ x

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter1: Expressions And Functions
Section1.6: Relations
Problem 2BGP
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Given the pair of price-demand and price-supply equations below, calculate each of the following:
a) Equilibrium Quantity
b) Equilibrium Price
c) Consumers' Surplus
d) Producers' Surplus
(Round all values to the nearest integer and do NOT use commas or dollar signs).
p = D(x) = 90 – 0.1x
p = S(x) = 13+x
a)
type your answer.
units b) $
type your answer.
c) $ type your answer.
d) $ type your answer..
Transcribed Image Text:Given the pair of price-demand and price-supply equations below, calculate each of the following: a) Equilibrium Quantity b) Equilibrium Price c) Consumers' Surplus d) Producers' Surplus (Round all values to the nearest integer and do NOT use commas or dollar signs). p = D(x) = 90 – 0.1x p = S(x) = 13+x a) type your answer. units b) $ type your answer. c) $ type your answer. d) $ type your answer..
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