Question: Explain in simple steps. Find the consumers' surplus and the producers' surplus at the equilibrium price level for the given price-demand and price-supply equations. Include

Explain in simple steps.

Explain in simple steps. Find the consumers' surplus and the producers' surplus

Find the consumers' surplus and the producers' surplus at the equilibrium price level for the given price-demand and price-supply equations. Include a graph that identifies the consumers' surplus and the producers' surplus. p = D(x) =60e-0.001x ; p = S(x) =30 + 0.0001x- 3010

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