Given the price-demand and price-supply equations below, determine the equilibrium price and find the producers' surplus at the equilibrium price level. D(x) = p = 6 - 0.4/2x S(x) = p= 2+0.1/2x Select the correct answer below: O The equilibrium price is $2.8. The producers' surplus is $8.5 O The equilibrium price is $16. The producers' surplus is $8.5 O The equilibrium price is $32. The producers' surplus is $17 O The equilibrium price is $16. The producers' surplus is $17

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