Given the demand function p = 85 - 5x and supply function p = 3x - 35. The consumer's surplus is ?

asked Apr 10, 2023 54.9k views

3 votes

6.9k points

Please log in or register to add a comment.

4 votes

Step-by-step explanation:

At equilibrium demand price=supply price

Therefore consumer surplus is 15 units.

Shaunetta answered Apr 15, 2023

6.7k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.5m questions

10.0m answers