Question: Factory orders for an air conditioner are about 6000 units per week when the price is $325 and about 8000 units per week when the

Factory orders for an air conditioner are about 6000 units per week when the price is $325 and about 8000 units per week when the price is $300. The supply function is given by

p = 0.0375x.

Find the consumer and producer surpluses. (Assume the demand function is linear.)

consumer surplus $
producer surplus $

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