Chapter 6.2, Problem 78E

In Problems 77–84 find the consumers’ surplus and the producers’ surplus at the equilibrium price level for the given price–demand and price–supply equations. Include a graph that identifies the consumers’ surplus and the producers’ surplus. Round all values to the nearest integer.

78. p = D(x) = 25 − 0.004x²; p = S(x) = 5 + 0.004x²