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D00 is the price. in dollars per unit. that consumers are willing to pay for x units of an item, and S[x] is the price,
D00 is the price. in dollars per unit. that consumers are willing to pay for x units of an item, and S[x] is the price, in dollars per unit, that producers are willing to accept for x units. Find (a) the equilibrium point, {b} the consumer surplus at the equilibrium point, and [c] the producer surplus at the equilibrium point. 3 1 om: -Ex+3. S(x)=x+3 [3] Find the equilibrium point. E {Type an ordered pair. using integers or decimals.) Dix) is the price: in dollars per unit. that consumers are willing to pay for x units of an item, and Stx] is the price. in dollars per unit, that producers are willing to accept for x units. Find {a} the equilibrium point: (b) the consumer surplus at the equilibrium point. and {c} the producer surplus at the equilibrium point. D{x)=15 1l]x. S(x)=1l]5[l+5x (23] What are the coordinates ofthe equilibn'um point? I: {Type an ordered pair}
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