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Find the consumers' surplus and the producers' surplus at the equlibrium level for the given price-demand and price-supply equations. Include a graph that identifies
Find the consumers' surplus and the producers' surplus at the equlibrium level for the given price-demand and price-supply equations. Include a graph that identifies the consumers' surplus and the producers' surplus. Round all values to the nearest integer. p = D(x)=54-0.07x; p = S(x) = 15 +0.06x The value of x at equilibrium is The value of p at equilibrium is $ The consumers' surplus at equilibrium is $ The producers' surplus at equilibrium is $ Identify the correct graph, showing the consumers' surplus, shaded silver, and the producers' surplus, shaded blue. A. 55- P 33- X 0- 0 300 500 B. AP 55- 33- X 0- 0 300 500 C. Ap 55- 33- X 0- 0 300 500 D. Ap 55- 33- X 0 300 500
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