[Step-by-Step] Suppose the demand for some good is given by y=1000-5 p and the supply by y=4 p-80 Find the equilibrium quantity and the equilibrium price
Question: Suppose the demand for some good is given by \(y=1000-5 p\) and the supply by \(y=4 p-80\)
- Find the equilibrium quantity and the equilibrium price in this market.
- Compute the consumer surplus and the producer surplus.
- Suppose the market produces 300 units, how much in total consumer and producer surplus would be lost?
Deliverable: Word Document 
![[See Steps] Consider w=x^2+y^2+z^2, with the constraint](/images/solutions/MC-solution-library-70510.jpg "[See Steps] Consider w=x^2+y^2+z^2, with the constraint that P(x,")
[See Steps] Consider w=x^2+y^2+z^2, with the constraint that P(x,
![[See Steps] Consider w=x^2+y^2+z^2, with the constraint](/images/solutions/MC-solution-library-70511.jpg "[See Steps] Consider w=x^2+y^2+z^2, with the constraint that P(x, y,")
[See Steps] Consider w=x^2+y^2+z^2, with the constraint that P(x, y,
![[Step-by-Step] Evaluate the partial derivatives below at](/images/solutions/MC-solution-library-70512.jpg "[Step-by-Step] Evaluate the partial derivatives below at P. (partial")
[Step-by-Step] Evaluate the partial derivatives below at P. (partial
![[See Steps] Given z=100 x^1 / 4](/images/solutions/MC-solution-library-70513.jpg "[See Steps] Given z=100 x^1 / 4 y^3 / 4, where x=48-4 y, use the")
[See Steps] Given z=100 x^1 / 4 y^3 / 4, where x=48-4 y, use the
(All Steps) Let z=u v, where u=f(x), v=g(x). Use the chain rule
Learn How to Factor Expressions - MathCracker.com