Question

p($/unit) 0 m 200 400 600 800 1000
For part A and throughout honestly, it seems as though the program would prefer you count the number of squares and estimate that way. If possible, could you provide estimations via both equations (1/2 b times h) as well as using the method of counting squares. This is my last chance at the problem so please help me out!

Answer 1

Ans;- P(pl unit) 200 . 400 600 800 jooz cantity] (1) Estimate the equilibrium pouce and quantity . for the supply and demand Curves in the fig. > For equilibrulim - Demand = Supply - From the Curve they are intersecting q* = equilibrium quantity = 400 dalyslexit pe equilibrium porúce. = $ 6 lunit bi > Estimate the Constimer and producen Sielplers Consumer Surples (es = Area of upper triangle z te x brie x heigh Scanned with CamScanner = 200X3

=> cs= $600. . >> producen Susplus - Area of lower trisno Źx400x (6-3) = 200X4 producen Suspluss = $ 300 (e) . The price is set certificially at p = 84 . p'=4 .: 400 cs = Area of Figure AB Dc a triangle & rectangle -5x200x(9-6] +4x 200 = 300* 800 = 1,100 >> Consumer Suaplos (es) - $ 1100 New ps = Area of triangle Ede a £x base x height cs Scanned with CamScanner

☺. = { x200x (4-2) - ŽX20022 2 100x2 = 200. poroducer Surplus = $200 = charge in as a frised initial . - $ Joo => change in pis = 200-300 3 . 2 $ 600, : Scanned with CamScanner