Question

Find the consumers' surplus and the producers' surplus at the equilibrium price level for the given price-demand and price supply equations.
p = D(x) = 170e^-0.001x
p = S(x) = 35e^0.001x

a) The value of x at the equilibrium is ___

b) The value of p at equilibrium is $___

c) The consumer's surplus at equilibrium is $___

d) The producer's surplus at equilibrium is $___

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