Samantha R.

asked • 08/15/14

Find the consumer's and producer's surplus for an item with the following.

Supply: p=5q^2 Demand= 4800-q^2/3. Professor said this had multiple steps. I know you set Supply=Demand to get equilibrium but how do you solve for X and then after how do you find the consumers and producers surplus? Thank you!

Samantha R.

It's q2/3 


3 Answers By Expert Tutors


Lenny D. answered • 04/10/19

4.8 (563)

Former professor of economics at Tufts University

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