Find the consumer surplus and producer surplus for the demand and supply equations. Demand Supply p = 70 − 0.00003x p = 25 + 0.00002x consumer surplus     $__________ producer surplus

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Systems Of Equations And Inequalities
Section6.5: Systems Of Inequalities
Problem 8ECP: The demand and supply equations for a flat-screen television are...
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Find the consumer surplus and producer surplus for the demand and supply equations.

Demand
Supply
p = 70 − 0.00003x
p = 25 + 0.00002x
consumer surplus     $__________
producer surplus     $__________
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