Math Problem Statement
3. Imagina que tenemos una demanda igual a P=21-3Q, donde Q es la cantidad de bicicletas. La oferta se iguala a la demanda en el punto de equilibrio donde P*=5$. a) Asumiendo un mercado de competencia perfecta, ¿cuál es el Excedente del Consumidor? b) ¿Qué pasaría con el excedente total si los productores tuviesen poder de mercado y decidiesen establecer el precio en 8$?
Solution
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Math Problem Analysis
Mathematical Concepts
Supply and Demand
Consumer Surplus
Market Power
Total Surplus
Formulas
Demand equation: P = 21 - 3Q
Consumer Surplus: (1/2) × (Maximum price willing to pay - Equilibrium price) × Quantity
Producer Surplus: (New price - Equilibrium price) × Quantity
Theorems
Consumer Surplus Theorem
Total Surplus Theorem
Suitable Grade Level
Undergraduate Economics or Advanced High School (Grades 11-12)
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