For a product the supply curve is given by q p 10p60 and the

Last updated: 10/6/2023

For a product the supply curve is given by q p 10p60 and the demand curve by q p 2p 60 where p is in dollars and q is in millions a What is the equilibrium price and quantity p 10 40 Consumer surplus dollars b Find the consumer and producer surplus using the Fundamental Theorem of Calculus Producer surplus million million dollars million dollars