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10:37 PM Fri Jul 29 all 56 E 27% E) i webassignnet 13. [-/3 Points] DETAILS HARMATHAP12 13.4.023.EP. In this problem, p is in dollars

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10:37 PM Fri Jul 29 all 56 E 27% E) i webassignnet 13. [-/3 Points] DETAILS HARMATHAP12 13.4.023.EP. In this problem, p is in dollars and X is the number of units. Suppose the demand function for a product is p = i and the supply function is p = 1 + 0.2x. (X+ 1) Find the equilibrium quantity. Find the equilibrium point. wMS) Find the consumer's surplus under pure competition. (Round your answer to the nearest cent.) $ [:J Need Help? E Show My Work (Optional) a

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