The product(in dollars) equation is .
Estimate the sales level when selling price is by using graph.
Graph the functions and
.
Graph:
\Observe the graph:
\The intersecting point is .
The sales level when selling price is
.
Find the consumer surplus for the fallowing demand curve at the sales level .
and
.
Observe the graph:
\ .
The sales level when selling price is
.
Consumer surplus for this sales level is .