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OpenStudy (anonymous):
Stuck on a question.... The supply curve for a commodity has the equation p=s(x)=0.1x+3, and the demand curve is p=d(x)= -5x+156. Find the consumer's surplus and the producer's surplus
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OpenStudy (dumbcow):
|dw:1368592345873:dw| \[CS = \frac{1}{2}(30)(150) = 2250\] \[PS = \frac{1}{2}(30)(3)= 45\]
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