Question: 1) The demand curve for a certain product is given by p(q) =505 - q. The supply curve is given by p(q) = 1.2q. Find

The demand curve for a certain product is given by p(q) =505 - q". The supply curve is given by p(q) = 1.2q. Find the producer surplus at equilibrium. The producer surplus at equilibrium is $ If necessary, round to two decimal places. Do not include units.The demand curve for a certain product is given by p(q) =555 - q". The supply curve is given by p(q) =1.2q". Find the consumer surplus at equilibrium. The consumer surplus at equilibrium is $. If necessary, round to two decimal places. Do not include units

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