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The market demand and supply for cryptocurrency are given as follows: Demand function Supply function ? = ?? 2 + 8? + 5 ? =

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The market demand and supply for cryptocurrency are given as follows:

Demand function Supply function ? = ?? 2 + 8? + 5 ? = ? 3 ? 6? 2 + 10?

image text in transcribed
4, The market demand and supply for cryptocurreney are given as follows: Demand function Supply function p=q2+8q+5 p=q36q2+10q Where p is the price per unit of cryptocurrency (RM) and q is the quantity of cryptocurrency (thousand units). (3) Determine the producer surplus when quantity is at 5 thousand units. (5 marks) (b) Determine the consumer surplus when market price is at RM 5

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