Questions tagged [producer-surplus]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
4
votes
1answer
21k views

Equilibrium price and quantity - consumer and producer surplus

Inverse function of market demand for certain good is equal to $P=100-0.25Q$, inverse supply function is $P=20+0.55Q$. Calculate equilibrium price and quantity. Furthermore calculate consumer and ...