-/1 Points] DETAILS MY NOTES Determine whether each statement is true or false. You have one submission for each statement. (a) If p denotes the equilibrium price, then the consumer surplus at any price higher than p must be less than or equal to the consumer surplus at price p. OTrue OFalse (b) If p denotes the equilibrium price, then the producer surplus at any price lower than p must be less than or equal to the producer surplus at price p. OTrue OFalse -/1 Points] DETAILS MY NOTES Math 110 Course Resources Applications of Definite Integrals Course Packet on income streams and annuities A math tee shirt business is expected to generate $27,000 in revenue per year for the next 10 years. If the income is reinvested in the business at a rate of 3% per year compounded continuously, determine the future value of this income stream at the end of 10 years. Future value (exact value) = dollars Future value (rounded to the nearest cent) = dollars -/1 Points] DETAILS MY NOTES Math 110 Course Resources Applications of Definite Integrals Course Packet on income streams and annuities A math tee shirt business is expected to generate $22,000 in revenue per year for the next 25 years. If the income is reinvested in the business at a rate of 1% per year compounded continuously, determine the present value of this income stream. Present value (exact value) = dollars Present value (rounded to the nearest cent) = dollars