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< webwork/104-fall-2021 / hw-32-consumer-producer-surplus_section_5.6/5. HW-32-Consumer-Producer-Surplus Section 5.6: Problem 5 Previous Problem List Next (1 point) D(x) is the price, in dollars per unit, that
< webwork/104-fall-2021 / hw-32-consumer-producer-surplus_section_5.6/5. HW-32-Consumer-Producer-Surplus Section 5.6: Problem 5 Previous Problem List Next (1 point) D(x) is the price, in dollars per unit, that consumers are willing 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. D(x) 112 x2 and S(x) = x + 2x. (A) Find the market equilibrium point (Q, P). (Q. P)=( ) (B) Find consumer's surplus at the market equilibrium point. Consumer's surplus: (C) Find the producer's surplus at the market equilibrium point. Producer's surplus: (Round to three decimal places as needed.
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