Economics Questions [Microeconomics]
Author: shiroeExecutions: 567
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Enter a non-zero negative number in a.
Enter a non-zero positive number in b.
Enter a non-zero positive number in c.
Enter a number less than or equal to zero in f.
Enter a non-zero positive number in b.
Enter a non-zero positive number in c.
Enter a number less than or equal to zero in f.
| Equilibrium Price | |
| Equilibrium Quantity | |
| Consumer surplus | |
| Producer surplus |
R6 (2024). July 31 (Wed)_Ver. 001
Set to 50 digits.
Digit count can be changed.
Real number calculation mode.
Set to 50 digits.
Digit count can be changed.
Real number calculation mode.
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These are simple microeconomics questions.
Find the equilibrium price and equilibrium quantity in a perfectly competitive market.
Also, calculate consumer surplus and producer surplus.
Let the demand function be D = b + aP.
Let the supply function be S = f + cP.
D and S represent quantity. P represents price.
This problem does not deal with negative quantities or negative prices.