document.write( "Question 1150266: he demand curve for a certain product is given by p(q)=551-q^2. The supply curve is given by p(q)=1.1q^2. Find the consumer surplus at equilibrium.\r
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Algebra.Com's Answer #773122 by MathLover1(20850)\"\" \"About 
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demand curve for a certain product is given by
\n" ); document.write( "\"p%28q%29=551-q%5E2\" \r
\n" ); document.write( "\n" ); document.write( "The supply curve is given by \r
\n" ); document.write( "\n" ); document.write( "\"p%28q%29=1.1q%5E2\"\r
\n" ); document.write( "\n" ); document.write( "Find the consumer surplus at equilibrium.\r
\n" ); document.write( "\n" ); document.write( "The equilibrium point is where the supply and demand functions are equal. \r
\n" ); document.write( "\n" ); document.write( "\"551-q%5E2=1.1q%5E2\"......solve for \"q\"\r
\n" ); document.write( "\n" ); document.write( "\"551=1.1q%5E2%2Bq%5E2\"\r
\n" ); document.write( "\n" ); document.write( "\"551=2.1q%5E2\"\r
\n" ); document.write( "\n" ); document.write( "\"q%5E2=551%2F2.1\"\r
\n" ); document.write( "\n" ); document.write( "\"q%5E2=262.38\"\r
\n" ); document.write( "\n" ); document.write( "\"q=sqrt%28262.38%29\"\r
\n" ); document.write( "\n" ); document.write( "\"q=16.1981774\"\r
\n" ); document.write( "\n" ); document.write( "\"q=16.20\"\r
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\n" ); document.write( "\n" ); document.write( "The consumer surplus at equilibrium is$\"16.20\".\r
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