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7. [0/4 Points] DETAILS PREVIOUS ANSWERS Consider the following supply and demand functions, where price is expressed as a function of quantity. S (x) =

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7. [0/4 Points] DETAILS PREVIOUS ANSWERS Consider the following supply and demand functions, where price is expressed as a function of quantity. S (x) = 2x + 5 D(x) = -2x + 18 (a) Find the equilibrium quantity, XE. 7141 ind the equilibrium price, PE. 17/2 X (c) Find the consumer's surplus at the equilibrium point. 49/16 X (d) Find the producer's surplus at the equilibrium point. 49/16 X Submit

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