Question: Given: (x is number of items) Demand function: d(x) = 4900 x Supply function: s(x) = 4x Find the equilibrium quantity: 1225 Find the

Given: (x is number of items) Demand function: d(x) = 4900 x

Given: (x is number of items) Demand function: d(x) = 4900 x Supply function: s(x) = 4x Find the equilibrium quantity: 1225 Find the producer surplus at the equilibrium quantity: $ 1286785 it

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