A. The demand curve for a certain product is given by p(q)=567q^2. The supply curve is given
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Question:
A. The demand curve for a certain product is given by p(q)=567q^2. The supply curve is given by p(q)=1.3q^2. Find the producer surplus at equilibrium. The producer surplus at equilibrium is $_
B. The demand curve for a certain product is given by p(q)=542q^2. The supply curve is given by
p(q)=1.3q^2. Find the consumer surplus at equilibrium.The consumer surplus at equilibrium is $_
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