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A particular commodity has a pricesupply equation given by p = 371(1.031)T, Where w is the number of items of the commodity demanded when the
A particular commodity has a pricesupply equation given by p = 371(1.031)T, Where w is the number of items of the commodity demanded when the price is p dollars per item. Find producers' surplus if (a) the equilibrium quantity is 47 items. Round your answer to the nearest cent if necessary. I; (b) the equilibrium price is 1881 dollars. Round your answer to the nearest cent if necessary
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