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Office House, an office supply store, has determined that the demand for a floppy disk storage case is given by: D(x) = 30 x and

Office House, an office supply store, has determined that the demand for a floppy disk storage case is given by: D(x) = 30− x and the related supply function is: S(x) = x , where x is the weekly quantity and D(x) & S(x) are in dollars per storage case. Find the equilibrium point. Determine the Consumer and Producer’s surplus at equilibrium.

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