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Solve clearly . From the price above what is the equilibram quantity between supply and demand: million of gallons Round your answer to closest whole

Solve clearly

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. From the price above what is the equilibram quantity between supply and demand: million of gallons Round your answer to closest whole number . Under these conditions, what is the consumer surplus? million of gallons Round your answer to closest whole number . Under these conditions, what is the producer surplus? million of gallons Round your answer to closest whole number . Discuss what is a mathematical model in general, and how mathematical models are used in this activity. Note: the instructor will manually score this question.Comsumer Surplus Study The goal of this assignment is to apply Calculus to analyze consumer and producer surplus. This activity is based off the economical principles discussed in Section 3.1 of "Principle of Economics" and Section 7 of Chapter 3 in the Business Calculus book. The table below shows how supply and demand of gasoline vary depending on the price: Price ($/gal) Demand (million of gal.) Supply (million of gal.) 1 819 492 1.2 700 550 1.4 640 600 1.6 580 634 1.9 527 660 2.2 450 680 2.4 430 700 2.6 420 720 2.8 390 735 3.3 380 751 Note: there is some randomization in the above data to account for price fluctuations. Make sure to check that you input the correct data in your device

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