Recent Posts • Latest Topics • Unanswered Questions

The market supply curve of rubber erasers is given by QS = 35,000 + 2,000P. The demand for rubber ...

Satsume

wrote...

Go to Answer

Posts: 761

Rep:

6 years ago

The market supply curve of rubber erasers is given by QS = 35,000 + 2,000P. The demand for rubber ...

The market supply curve of rubber erasers is given by QS = 35,000 + 2,000P. The demand for rubber erasers can be segmented into two components. The first component is the demand for rubber erasers by art students. This demand is given by qA = 17,000 - 250P. The second component is the demand for rubber erasers by all others. This demand is given by qO = 25,000 - 2000P. Derive the total market demand curve for rubber erasers. Find the equilibrium market price and quantity. Also, determine the consumer surplus for each component of demand.

Textbook

Microeconomics

Edition: 8^th

Author: Pindyck

Read 208 times

3 Replies

Report

Replies

Answer verified by a subject expert

boransal

wrote...

Posts: 477

Rep:

6 years ago

More solutions for this book are available here

This verified answer contains over 100 words.

Report

Related Topics

AAAA4356

wrote...

3 years ago

Thank you!

Report

zia77

wrote...

3 years ago

thank you

Report

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1242 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

310

273

402

Your Opinion

Previous poll results: Should Ph.D.'s be addressed as doctors?

It's sore throat season, why does my mucus have red spots?

Strange Ingredients Lurking in Doritos Chips

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

Courses by Biology Forums

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.