Question: Please circle answer(s) In this problem, p is in dollars and x is the number of units. Suppose the demand function for a product is

Please circle answer(s)

In this problem, p is in dollars and x is the number of units. Suppose the demand function for a product is p = 105 (x + 1) and the supply function is p = 1 + 0.2x. Find the equilibrium quantity. X 1 Find the equilibrium point. (x 1 . P1 ) Find the producer's surplus at market equilibrium. (Give an exact answer. Do not round.)

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