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Question 20 of 20 Submit test D(x) is the price, in dollars per unit, that consumers are willin g to pay for x units of

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Question 20 of 20 Submit test D(x) is the price, in dollars per unit, that consumers are willin g to pay for x units of an item, and S(x) is the price, in dollars per unit, that producers are willing to ' - accept for x units. Find (a) the equilibrium point, (b) the consumer surplus at the equilibrium point, and (c) the producer surplus at the equilibrium point. I ' D(x) = 4000 10x, S(x) = 3250 + 5x v L" (a) What are the coordinates of the equilibrium point? (Type an ordered pair.) I (b) What is the consumer surplus at the equilibrium point? 5 (Round to the nearest cent as needed.) (c) What is the producer surplus at the equilibrium point? 55 (Round to the nearest cent as needed.)

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