Question

Find the consumer and producer surpluses by using the demand and supply functions, where p is the price (in dollars) and x is the number of units (in millions).
Demand Function Supply Function
A) a. $2587.50 b. $3725.00
B) a. $5587.50 b. $4725.00
C) a. $2587.50 b. $1725.00
D) a. $1587.50 b. $4725.00
E) a. $3587.50 b. $4725.00

Answer

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