The average quantity of sculptures that consumers will demand can be modeled as and the average quantity that producers will supply can be modeled as where the market price is p hundred dollars per sculpture. Determine the total social gain when sculptures are sold at the equilibrium price. Round your answer to the nearest dollar.
A) $295,907
B) $132,272
C) $182,553
D) $264,371
E) $700,605

Question

The average quantity of sculptures that consumers will demand can be modeled as  and the average quantity that producers will supply can be modeled as  where the market price is p hundred dollars per sculpture. Determine the total social gain when sculptures are sold at the equilibrium price. Round your answer to the nearest dollar.
A) $295,907 
B) $132,272 
C) $182,553 
D) $264,371 
E) $700,605

Quizplus · Accepted Answer

The Answer of The average quantity of sculptures that consumers will demand can be modeled as  and the average quantity that producers will supply can be modeled as  where the market price is p hundred dollars per sculpture. Determine the total social gain when sculptures are sold at the equilibrium price. Round your answer to the nearest dollar.
A) $295,907 
B) $132,272 
C) $182,553 
D) $264,371 
E) $700,605

The Average Quantity of Sculptures That Consumers Will Demand Can