Solved: Where p in thousands of dolalrs is th price per 100 units, Mathematics

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Where p in thousands of dolalrs is th price per 100 units

The demand equation for a product is

P = (q-4)^2

and the supply equation is

P = q^2 + q + 7

where p (in thousands of dolalrs) is th price per 100 units when q hundred units are demanded or supplied. Determine consumers' surplus under market equilibrium.

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Mathematics: Where p in thousands of dolalrs is th price per 100 units

Reference No:- TGS02873732

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