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

User MCBama
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1 Answer

4 votes

Step-by-step explanation:

At equilibrium demand price=supply price

Therefore consumer surplus is 15 units.

Given the demand function p = 85 - 5x and supply function p = 3x - 35. The consumer-example-1
User Shaunetta
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