Consumers surplus the demand function for a product under


Question: Consumer's surplus The demand function for a product under pure competition is

p = √(64 - 4x)

and the supply function is p = x - 1, where x is the number of units and p is in dollars.

(a) Find the market equilibrium.

(b) Find the consumer's surplus at market equilibrium.

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Microeconomics: Consumers surplus the demand function for a product under
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