Find the consumers' surplus and the producers' surplus at the equilibrium price level for the given price-demand and price-supply equations. Include a graph that identifies the consumers surplus and the producers' surplus. p=D(x)=60-0001; p= S(x)=30+0.0001x² The consumers' surplus is approximately $ (Round to the nearest dollar as needed.) The producers' surplus is approximately $ (Round to the nearest dollar as needed.) The graph of D(x)=60-0.001x is shown as a solid curve and the graph of S(x)=30+0.0001x² is shown as a dotted curve. Choose the correct graph below. OA 100 1000 Q B. 100- COC 1000 OC. 100 1000 Q O D. 100-7 1000

Find the consumers' surplus and the producers' surplus at the equilibrium price level for the given price-demand and price-supply equations. Include a graph that identifies the consumers surplus and the producers' surplus. p=D(x)=60-0001; p= S(x)=30+0.0001x² The consumers' surplus is approximately $ (Round to the nearest dollar as needed.) The producers' surplus is approximately $ (Round to the nearest dollar as needed.) The graph of D(x)=60-0.001x is shown as a solid curve and the graph of S(x)=30+0.0001x² is shown as a dotted curve. Choose the correct graph below. OA 100 1000 Q B. 100- COC 1000 OC. 100 1000 Q O D. 100-7 1000

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 1WNG

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