A particular commodity has a price-demand equation given by p = √18,484 - 418x, where x is the amount in pounds of the commodity demanded when the price is p dollars per pound. (a) Find consumers' surplus if the equilibrium quantity is 40 pounds. (Round your answer to the nearest cent if necessary.) $ (b) Find consumers' surplus if the equilibrium price is 17 dollars. (Round your answer to the nearest cent if necessary.) $

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter3: Linear And Nonlinear Functions
Section3.4: Slope-intercept Form
Problem 73PFA
Question
7 again because the last answers was wrong
A particular commodity has a price-demand equation given by p = √18,484 - 418x, where x is the amount in pounds of
the commodity demanded when the price is p dollars per pound.
(a) Find consumers' surplus if the equilibrium quantity is 40 pounds. (Round your answer to the nearest cent if
necessary.)
$
(b) Find consumers' surplus if the equilibrium price is 17 dollars. (Round your answer to the nearest cent if necessary.)
$
Transcribed Image Text:A particular commodity has a price-demand equation given by p = √18,484 - 418x, where x is the amount in pounds of the commodity demanded when the price is p dollars per pound. (a) Find consumers' surplus if the equilibrium quantity is 40 pounds. (Round your answer to the nearest cent if necessary.) $ (b) Find consumers' surplus if the equilibrium price is 17 dollars. (Round your answer to the nearest cent if necessary.) $
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