Question: Suppose that the supply function for some commodity is S(q) = q 2 + 5q + 100 and the demand function for the commodity is

Suppose that the supply function for some commodity is S(q) = q2 + 5q + 100 and the demand function for the commodity is D(q) = 350 - q2.

(a) Find the producers’ surplus.
(b) Find the consumers’ surplus.

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