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
.