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Consider the following supply and demand functions, where price is expressed as a function of quantity. S(X) = 4x + 6 D(x) = -3x +

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Consider the following supply and demand functions, where price is expressed as a function of quantity. S(X) = 4x + 6 D(x) = -3x + 11 (a) Find the equilibrium quantity, XE. (b) Find the equilibrium price, PE. (c) Find the consumer's surplus at the equilibrium point. (d) Find the producer's surplus at the equilibrium point

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