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Solution of a system of inequalities A point (x, y) that satisfies each inequality in the
system.
Consumer surplus The area of the region that lies below the demand curve, above
the horizontal line passing through the equilibrium point, and to the right of the p-axis.
Producer surplus The area of the region that lies above the supply curve, below the
horizontal line passing through the equilibrium point, and to the right of the p-axis.
III. Applications of Systems of Inequalities (Pages 546−547) What you should learn
How to use systems of
The consumer surplus is a measure of the amount that consumers inequalities in two
would have been willing to pay above what they variables to model and
solve real-life problems
actually paid . Producer surplus is a measure of the
amount that producers would have been willing to receive
below what they actually received .
y y y
x x x
y y y
x x x
Homework Assignment
Page(s):
Exercises:
Larson/Hostetler Precalculus/Precalculus with Limits Notetaking Guide IAE
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