Solved: Question - given the demand and supply for water dispensers, Microeconomics

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Question - given the demand and supply for water dispensers

Question - Given the demand and supply for water dispensers:

Qd = 760 - 15 P

Qs = -100 + 17 P

1. The market equilibrium price is

2. The market equilibrium quantity is

3. What is the value of the demand curve's vertical intercept?

4. What is the value of the supply curve's vertical intercept?

5. What is the Consumer's Surplus?

6. What is the Producer's Surplus?

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Microeconomics: Question - given the demand and supply for water dispensers

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Microeconomics: Question - given the demand and supply for water dispensers

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