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Find the consumer and producer surpluses

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Reference no: EM132076807

Find the consumer and producer surpluses by using the demand and supply functions, where p is the price (in dollars) and x is the number of units (in millions).

Demand Function p  = 1300 - 25x Supply Function p = 40x

consumer surplus    $__________  millions

producer surplus    $ __________ millions

Reference no: EM132076807

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