Suppose the following table gives the supply and demand schedules, with p in dollars and x as the number of units. Use Simpson's Rule to approximate the consumer's surplus at market equilibrium. Note that market equilibrium can be found from the tables.
A)$33,846
B)$27,060
C)$29,927
D)$13,420
E)$31,493

Question

Suppose the following table gives the supply and demand schedules, with p in dollars and x as the number of units. Use Simpson's Rule to approximate the consumer's surplus at market equilibrium. Note that market equilibrium can be found from the tables. ​  ​
A)$33,846 
B)$27,060 
C)$29,927 
D)$13,420 
E)$31,493

Quizplus · Accepted Answer

The Answer of Suppose the following table gives the supply and demand schedules, with p in dollars and x as the number of units. Use Simpson's Rule to approximate the consumer's surplus at market equilibrium. Note that market equilibrium can be found from the tables. ​  ​
A)$33,846 
B)$27,060 
C)$29,927 
D)$13,420 
E)$31,493

Suppose the Following Table Gives the Supply and Demand Schedules