1 The demand curve for a certain product is given by p(q) = 581-q^2. The supply curve is given by p(q) = 1.2q^2. Find the producer surplus at equilibrium. The producer surplus at equilibrium is $ 2 The demand curve for a certain product is given by p(q) = 573-q^2. The supply curve is given by p(q) = 1.1q^2. Find the consumer surplus at equilibrium. The consumer surplus at equilibrium is $

the demand and supply curves for a product are given as: 2q-15p=-120 q+2p = 35 Find the consumer surplus at the equilibrium Find the producer surplus at the equilibrium. Note: don't use chat gpt.

Qd=120-3P  Qs =30 At the equilibrium price and quantity, what is producer surplus?

1. Consider a market where the demand is given by Q = 120 –P and supply is %3D given by QS = P. What are the consumer and producer surplus? Р. %3D a) Consumer surplus is 120 arnd producer surplus is 600. b) Consumer surplus is 600 and producer surplus is 1200. c) Consumer surplus is 240 and producer surplus is 300. d) Consumer surplus is 1200 and producer surplus is 240.