question archive Make P the subject of the formula Q=100-P^0

Make P the subject of the formula Q=100-P^0

Subject:BusinessPrice: Bought3

Make P the subject of the formula Q=100-P^0.6 (demand)

  1. Q=-10+P^0.6 (supply)

Given the demand function as Q=100-P^0.6 and the supply function Q=-10+P^0.6. Make sure you make price the subject of the formulae before you calculate equilibrium price and equilibrium quantity.

  1. use integration to calculate consumer surplus at equilibrium
  2. use integration to calculate producer surplus at equilibrium

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