Concept explainers
For Exercises 21 and 22, graph each pair of demand and supply functions. Then:
a. Find the equilibrium point using the intersect feature or another feature that will allow you to find this point of intersection.
b. Graph
and identify the regions of both consumer and producer surpluses.
c. Find the consumer surplus.
d. Find the producer surplus.
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Calculus and Its Applications (11th Edition)
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