SOLUTION: The demand curve for a certain product is given by p(q)=574-q^2 The supply curve is given by p(q)=1.4q^2 Find the consumer surplus at equilibrium

Question 1161515: The demand curve for a certain product is given by p(q)=574-q^2 The supply curve is given by p(q)=1.4q^2
Find the consumer surplus at equilibrium
Found 2 solutions by MathLover1, ikleyn:
Answer by MathLover1(20849) (Show Source): You can put this solution on YOUR website!

The demand curve for a certain product is given by
The supply curve is given by
The intersection of the supply and demand curves is the point at which the market is at equilibrium.
the consumer surplus at equilibrium:

The intersection point of the supply and demand curves, the point at which the market is at equilibrium is:
(,)

Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.

The post by @MathLover1 does not answer the question of the problem.

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We do not consult in Finance or in Economy - it is not our specialization and is not our profile.

So, do not expect from us qualified answers/instructions in these areas, where we are not specialists.

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