Question: I have found step a, please assist in finding the money values of steps b and c D(x) is the price, in dollars per unit,
I have found step a, please assist in finding the money values of steps b and c
D(x) is the price, in dollars per unit, that consumers are willing to pay for x units of an item, and S(x) is the price, in dollars per unit, that producers are willing to accept for x units. Find (a) the equilibrium point, (b) the consumer surplus at the equilibrium point, and (c) the producer surplus at the equilibrium point. D(x)=4-x, forUst4; S(x)=Vx+2 (a) What are the coordinates of the equilibrium point? (2,2) (Type an ordered pair.) (b) What is the consumers surplus at the equilibrium pointStep by Step Solution
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