Question: 4. [7 marks] Suppose the demand function for a particular product is given by D(q) = -59 + 500, while the supply function for this

4. [7 marks] Suppose the demand function for a particular product

4. [7 marks] Suppose the demand function for a particular product is given by D(q) = -59 + 500, while the supply function for this same product is given by S(q) =q' + 200. (Both functions are measured in dollars.) (a) Determine the equilibrium price. (b) Determine the consumer surplus

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