Question: 1. (20 points) For a certain commodity, the supply function is given be S(x) = 4 + 2x2 and the demand function is given by

1. (20 points) For a certain commodity, the supply function is given be S(x) = 4 + 2x2 and the demand function is given by D(x) = 20 - 4x (a) Determine the equilibrium point. (b) Write the integral to determine the Producer Surplus at equilibrium. (c) Calculate the integral in (b). (d) Write the integral to determine the Consumer Surplus at equilibrium. (e) Calculate the intergal in (d)

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