Question: For a product, the supply curve is given by q = 10p30 and the demand curve by q = 2p + 30, where p is

For a product, the supply curve is given by q = 10p−30 and the demand curve by q = −2p + 30, where p is in dollars and q is in millions.
(a) What is the equilibrium price and quantity?
(b) Find the consumer and producer surplus using the Fundamental Theorem of Calculus.

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