The price-demand equation for a particular flashlight is

Last updated: 7/11/2022

The price-demand equation for a particular flashlight is given by p= 113 0.004x, where x is the number of flashlights demanded when the price is p dollars each. The flashlight manufacturers will produce no flashlights if the price is $75 or less, and they will market 6,000 flashlights when the price is $99 per flashlight. (Assume the price-supply equation is linear.) (a) Find the consumers' surplus for this commodity. (b) Find the producers' surplus for this commodity.