Find the consumer and producer surpluses by using the demand and supply functions, where p is the price (in dollars) and x is the number of units (in millions).
?
Demand FunctionSupply Function
?
A. a. $2,587.50b. $3,725.00
B. a. $2,587.50b. $4,725.00
C. a. $5,587.50b. $1,725.00
D. a. $1,587.50b. $4,725.00
E. a. $3,587.50b. $4,725.00
Answer: B
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