D(x)= -5/6x + 11 and S(x)= 1/2x+3 D(x) is price in dollars per unit that consumers are willing to pay for x units of items and S(x) is price in dollars per unit that consumers are willing to accept...


D(x)= -5/6x + 11 and S(x)= 1/2x+3


D(x) is price in dollars per unit that consumers are willing to pay for x units of items and S(x) is price in dollars per unit that consumers are willing to accept for x units. FInd


a) equilibrium point in ordered pair


b) consumer surplus at equilibrium point


c) producer surplus at ordered pair



Jun 04, 2022
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