Suppose that the demand curve for students wanting to attend a Hobart and William popular concert each year is demand price, D(x) = A where q is q+2 measured in thousands of students and demand price is measured in thousands of dollars. The Colleges are willing to accept students according to Bq the formula for Supply Price, S(x): 9+1 %3D

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 91E
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A-185 B-65 C-4035 Plz answer the question and gets thumb up
Suppose that the demand curve for students wanting to attend a Hobart and
William popular concert each year is demand price, D(x)
A
where q is
measured in thousands of students and demand price is measured in
thousands of dollars. The Colleges are willing to accept students according to
q+2
the formula for Supply Price, S(x) =
Bq
%3D
q+1"
a) Determine the equilibrium price
b) Determine the consumer surplus
c) Determine the producer surplus
Example: S(x) =
9+1'
569
D(x) =
9+2
180
%3D
%3D
Note: roundq to a whole number
Transcribed Image Text:Suppose that the demand curve for students wanting to attend a Hobart and William popular concert each year is demand price, D(x) A where q is measured in thousands of students and demand price is measured in thousands of dollars. The Colleges are willing to accept students according to q+2 the formula for Supply Price, S(x) = Bq %3D q+1" a) Determine the equilibrium price b) Determine the consumer surplus c) Determine the producer surplus Example: S(x) = 9+1' 569 D(x) = 9+2 180 %3D %3D Note: roundq to a whole number
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