Question: CONSUMERS' AND PRODUCERS' SURPLUS The quantity demanded x (in units of a hundred) of the Mikado miniature cameras/week is related to the unit price p (in dollars) by
p = -0.2x2 + 80
And the quantity x (in units of a hundred) that the supplier is willing to make available in the market is related to the unit price p (in dollars) by
p = 0.1x2 + x + 40
If the market price is set at the equilibrium price, find the consumers' surplus and the producers' surplus.