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The Demand Function for a Product Is , and the Supply

Question 267

Multiple Choice

The demand function for a product is The demand function for a product is , and the supply function for it is , where p is the number of dollars and x is the number of units. If the equilibrium price is $248 what is the producer's surplus at the equilibrium price? Round to the nearest cent. ​ A) $34.51 B) $58.67 C) $152.53 D) $82.13 E) $176.00 , and the supply function for it is The demand function for a product is , and the supply function for it is , where p is the number of dollars and x is the number of units. If the equilibrium price is $248 what is the producer's surplus at the equilibrium price? Round to the nearest cent. ​ A) $34.51 B) $58.67 C) $152.53 D) $82.13 E) $176.00 , where p is the number of dollars and x is the number of units. If the equilibrium price is $248 what is the producer's surplus at the equilibrium price? Round to the nearest cent. ​


A) $34.51
B) $58.67
C) $152.53
D) $82.13
E) $176.00

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