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50q The demand equation for a product is p = 60 - and the supply equation is p = 10 In (q + 20) -25.
50q The demand equation for a product is p = 60 - and the supply equation is p = 10 In (q + 20) -25. Determine the consumers' surplus and the producers' surplus under market equilibrium. Round your answers to the nearest integer. Wa? +3600 The consumers' surplus of the demand equation is approximately. (Round the final answer to the nearest whole number as needed. Round all intermediate values to the nearest thousandth as needed.)
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