Question: Do you know how to solve this problem? Details below Thank you so much for all your help! 17. Suppose the supply function for a

Do you know how to solve this problem? Details below

Thank you so much for all your help!

17. Suppose the supply function for a certain item is given (in dollars) by S(q) = (q + 1)2, and the demand function is given by D(q) = 1000 q+1 (a) Graph in the same cartesian coordinate system the supply and the demand curves. (b) Find the point at which the supply and the demand are in equilibrium. (c) Find the consumer's surplus (d) Find the producer's surplus

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