Question #289880

Find consumer surplus. Given that pd=(6-Q) ², ps=14+Q

1
Expert's answer
2022-01-23T15:38:39-0500

Pd=Ps,P_d=P_s,

36−12Q+Q2=14+Q,36-12Q+Q^2=14+Q,

Q2−13Q+22=0,Q^2-13Q+22=0,

Q=2, P=16,Q=2,~P=16,

Q=11, P=25.Q=11,~P=25.


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