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The supply curve for a commodity has the equation p = 0.4 x − 2.5 ,...

The supply curve for a commodity has the equation p = 0.4 x − 2.5 , and the demand curve is p = 20 − 0.05 x , where p is in dollars.

A. Find the equilibrium point.

B. Find the consumers’ surplus.

C. Find the producers’ surplus.

Math   Calculus   
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