The quantity demanded for wireless computer mouses is Q_d = 500 - 1.75P, and the quantity supplied is Q_s = 450 + 0.25P.
a. Calculate the equilibrium price and quantity.
b. Is total surplus maximized at 440 mouses? Explain.
c. If the market price is currently $10, is there a shortage or surplus of mouses? How do you know?
d. If the market price is $40, is there a shortage or surplus of mouses? How do you know?

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The Answer of The quantity demanded for wireless computer mouses is Q_d = 500 - 1.75P, and the quantity supplied is Q_s = 450 + 0.25P. a. Calculate the equilibrium price and quantity. b. Is total surplus maximized at 440 mouses? Explain. c. If the market price is currently $10, is there a shortage or surplus of mouses? How do you know? d. If the market price is $40, is there a shortage or surplus of mouses? How do you know?

The Quantity Demanded for Wireless Computer Mouses Is Qd =

The Quantity Demanded for Wireless Computer Mouses Is Q_d =