Question: For a particular commodity, the quantity produced and the unit price are given by the coordinates of the point where the supply and demand curves

 For a particular commodity, the quantity produced and the unit price

For a particular commodity, the quantity produced and the unit price are given by the coordinates of the point where the supply and demand curves intersect. Determine the point of intersection (AB) and the consumers' and producers' surplus at that point. 7x ' 3x Demand curve: p = 51 TOE; Supply curve: p =12 + 36 Id Click the icon to View a graph of sample supply and demand curves. The point of intersection is (Elm). The consumers' surplus at the intersection point is $11. (Type an integer or a decimal.) The producers' surplus at'lthe intersection point is $D. (Type an integer or a decimal.)

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