The demand function for a certain product is? = 86 − ?2and the supply function is? = ?2 + 6? + 30where p is in millions of dollars and x is the number of thousands of units. Find the equilibriumpoint (x, p), then find the consumer’s surplus and producer’s surplus. Round your answer to thenearest unit (the nearest million dollars).

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A: * SOLUTION :-

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A:

Q: Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See…

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