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D(x) 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,

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D(x) 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. If the equilibrium price is $5 and the equilibrium quantity is 25 units, find the Consumer Surplus at the equilibrium point and then answer the question about Producer Surplus. D(x) = 25 S(x) = Vx VX You must write a complete solution for part (a) and submit with your written work. Note: Consumer and Producer Surplus formulas are: Q Consumer Surplus: D(x)dx -PQ , Producer Surplus: PQ - S(x)dx . (a) The Consumer Surplus is $ [4 points] (Round to the nearest cent as needed.) (b) Which expression will give the correct value of the Producer Surplus? [2 points] O A. 102 -252 - (5 ) ( 25 ) O B. O c. O D

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