This quiz: 7 point(s) possible @3 = QUiZ: QUiz 16 Areas and Definite Question 7 of 7 This question: 1 point(s) Integrals possible Submit quiz 729 Suppose the supply function for a certain item is given by S(q) = (q + 7)2 and the demand function is given by D(q) = WI Complete parts a through d below. b. Find the point at which supply and demand are in equilibrium. The equilibrium point is (Type an ordered pair. Simplify your answer.) c. Find the consumers' surplus. The consumers' surplus is $ . (Round to two decimal places as needed.) d. Find the producers' surplus. The producers' surplus is $ . (Round to two decimal places as needed.) C) Time Remaining: 02:33:47 m