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For a product, the supply curve is p = 5 + 0.02q and the demand curve is p = 30e-0.0039, where p is the price
For a product, the supply curve is p = 5 + 0.02q and the demand curve is p = 30e-0.0039, where p is the price in dollars per unit, and q is the quantity sold at that price. p ($/unit) 30 k S 10 D 100 200 300 400 500 4 (quantity) a. Find the equilibrium price and quantity by using a graphing calculator such as desmos.com to find the intersection of the two curves. b. Find the consumer and producer surplus at the equilibrium price and show all calculations
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