(Posting this again) Somebody already answered this here previously but I just wanted to post it again to double-check and make sure that the answer is correct since another person I know came up with a different conclusion! Please provide a detailed solution. Thank you so much! Please answer in complete solutions:Find the equilibrium price p and the equilibriumquantity x given thata.) the consumer's surplus is 1000.00 euros for theprice-demand function D(x)= 20 - 0.05x .b.) the producer's surplus is 100.00 dollars for theprice-supply function S(x) = 2x + 2.

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MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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(Posting this again) Somebody already answered this here previously but I just wanted to post it again to double-check and make sure that the answer is correct since another person I know came up with a different conclusion! Please provide a detailed solution. Thank you so much!

Please answer in complete solutions:
Find the equilibrium price p and the equilibrium
quantity x given that
a.) the consumer's surplus is 1000.00 euros for the
price-demand function D(x)= 20 - 0.05x .
b.) the producer's surplus is 100.00 dollars for the
price-supply function S(x) = 2x + 2.

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