Suppose the demand curve is: P = 300 – 2QD and the supply curve is: P = 100 + 3QS. What is the sum of the consumer and producer surplus in the market at the equilibrium price and quantity? A.$3200 B.$1600 C.$2400 D.$4000 E.Cannot be determined from the information given. how can I find the height and base of the big triangle that represents the combined consumer and producer surplus so I can apply the formula to solve for the area of the triangle .5 * base *height 300-2QD =100+3QS
Suppose the demand curve is: P = 300 – 2QD and the supply curve is: P = 100 +
3QS. What is the sum of the consumer and producer surplus in the market at the equilibrium price and quantity?A.$3200B.$1600C.$2400D.$4000E.Cannot be determined from the information given.
how can I find the height and base of the big triangle that represents the combined consumer and producer surplus so I can apply the formula to solve for the area of the triangle .5 * base *height
300-2QD =100+3QS