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How and what would you find the consumer surplus at the equilibrium point and the producers surplus at the equilibrium point? [2/4 Points] DETAILS PREVIOUS

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How and what would you find the consumer surplus at the equilibrium point and the producers surplus at the equilibrium point?

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[2/4 Points] DETAILS PREVIOUS ANSWERS Consider the following supply and demand functions, where price is expressed as a function of quantity. S(X) = 3x + 5 D(X) = -3x + 10 (a) Find the equilibrium quantity, XE. 5/6 (b) Find the equilibrium price, PE. 7.5 (c) Find the consumer's surplus at the equilibrium point. 2.0833 X (d) Find the producer's surplus at the equilibrium point

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