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Dlx} is the price: in dollars per unit, that consumers are willing to pay for x units of an item, and Stx) is the price,
Dlx} 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. seizesf. S(x):x2 +2x+21 [a] What are the coordinates of the equilibrium point? E (Type an ordered pair.) (b) What is the consumer surplus at the equilibrium point\"? SD (Round to the nearest cent as needed.) [c] What is the producer surplus at the equilibrium point? 5:| {Round to the nearest cent as needed.)
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