CURRENT OBJECTIVE Find the equilibrium price and the consumers' and producers' surplus at that price Question Given the price-demand and price-supply equations below, determine the equilibrium price and find the consumers' surplus at the equilibrium price level. D(x) = p = 13 0.02x S(x) = p = 3+ 0.08x2 Select the correct answer below: The equilibrium price is $11. The consumers' surplus is $16 The equilibrium price is $100. The consumers' surplus is $16 The equilibrium price is $11. The consumers' surplus is $13 The equilibrium price is $100. The consumers' surplus is $13