Question: This is Section 5 . 1 Problem 3 4 : For the demand and supply functions p = D ( x ) = 3 6

This is Section 5.1 Problem 34:
For the demand and supply functions
p=D(x)=3680.4x
and
p=S(x)=17+0.5x
,
answer the following:
(a) The equilibrium point
(xE, pE)
is (,).(Use decimals.)
(b) The consumers' surplus at the equilibrium demand is .
(c) The producers' surplus at the equilibrium demand is .
Hint: Follow Example 5.

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