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a.Find the consumers’ surplus at a price level of = $15 for the price demand equation p = D(x) = (7500-30x)/(300-x). Graph the price demand equation and the price level equation = 15. What region...

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a.Find the consumers’ surplus at a price level of = $15 for the price demand equation p = D(x) = (7500-30x)/(300-x). Graph the price demand equation and the price level equation = 15. What region represents the consumers’ surplus?

Answered Same Day Dec 24, 2021

Solution

David answered on Dec 24 2021
106 Votes
1.
15
7500 30
300
7500 30
15
300
200
p
x
p
x
Step Find the demand when the pri
x
i
x
e
x
c
s 








2. ’ :Step Find the consumers surplus
 
0
200
0
200
0
200
2
0
( )
7500 30
15
300
4500 15
300
80 0 01
$3 000
|
x
CS D x p...
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