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IV. Find the consumers' surplus and the producers' surplus at the equilibrium price level for the given price- demand and price-supply equations. Include a graph
IV. Find the consumers' surplus and the producers' surplus at the equilibrium price level for the given price- demand and price-supply equations. Include a graph that identies the consumers' surplus and the producers' surplus [both are drawn on the same coordinate plan). Round all values to the nearest integer. p = DCX) = 50 [1.1x price-demnd equation p = S (x) = 11 + {1.0516 price-supply equation
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