Patrick B. answered 12/01/18
Tutor
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(31)
Math and computer tutor/teacher
22 - 0.4q = 8 + 1.6q
22 - 8 = 1.6Q + 0.4Q
14 = 2 Q
Q=7
p = 19.2
Ahmed E.
asked 11/30/18the first equation is a demand equation and the second is a supply equation of product. Determine consumers' surplus and product
p=22-0.4 q
p=8+1.6 q
the consumers' surplus at equilibrium is ....?
Patrick B. answered 12/01/18
Math and computer tutor/teacher
22 - 0.4q = 8 + 1.6q
22 - 8 = 1.6Q + 0.4Q
14 = 2 Q
Q=7
p = 19.2
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