consider the market defined by the following demand (Pd) and (Ps) functions   Pd = 200-2Q and Ps = 20+3,5Q   where P and Q are the price respectively. What are producer and consumer surplus of product respectively

What is the producer surplus in the market equilibrium? Again, the equations are: Q = 3P-90 Qd = 400 - 5P

QUESTION 1 Given a demand curve of P = 181 - 5Qd and supply of P = 29 + 9Qs, please calculate producer surplus, assuming this is the output market

When a market is in equilibrium, the total amount of consumer surplus must be--------- the total amount of producer surplus. 1)equal to 2)larger than 3)less than  4)none of these

The demand curve for a certain product is given by p(q)=573−q2. The supply curve is given by p(q)=1.2q2. Find the consumer surplus at equilibrium.   The consumer surplus at equilibrium is ​$enter your response here. If​ necessary, round to two decimal places. Do not include units.

Suppose a tax of $0.25 is placed on the market depicted below. What is the consumer surplus after the tax is imposed?

the demand and supply curves for a product are given as: 2q-15p=-120 q+2p = 35 Find the consumer surplus at the equilibrium Find the producer surplus at the equilibrium. Note: don't use chat gpt.

Given that the demand function P = 15 - 0.25Q and the supply function P = 0.2Q + 6. Determine:a. Market equilibrium price and quantityb. The size of the consumer surplusc. The amount of the producer surplus.

Given the consumer demand function P = 20 - Q and the producer supply function P = Q. Calculate the amount of consumer surplus and producer surplus, including the curve.

In the market for hand sanitizers the demand function is given by: q = 80 - p, where q is the quantity of hand sanitizers (in thousands) and p is the price of hand sanitizers in dollars. Suppose the current market price for hand sanitizers is $4. 1. What is the inverse demand function equal to? Draw it in a diagram. 2. At a price of $4, what is the level of consumer surplus? 3. Due to the unprecedented COVID-19 pandemic, people's preferences for sanitizing their hands change in favor of hand sanitizers. In fact, for any given price of hand sanitizers, people now want to purchase 20 units (in thousands) more hand sanitizers. o What is the new demand curve? o What is the new inverse demand curve? o Draw the new inverse demand curve in your diagram. 4. Suppose that after the increase in demand, the new price becomes $8. What is consumer surplus equal to at this new price (and with the new inverse demand curve)? 5. [Challenge Question] What would the consumer surplus be if the government…