5. 0/1 points| Previous Answers TanApCalcBr10 6.7.005 My Notes Ask Your Teacher The demand function for a certain brand of CD is given by p -0.01x20.2x 13 where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. The supply function is given by p = 0.01x2 + 0.8x + 1 where p is the unit price in dollars and x stands for the quantity that will be made available in the market by the supplier, measured in units of a thousand. Determine the producers' surplus if the market price is set at the equilibrium price. (Round your answer to the nearest dollar)
Show transcribed image text5. 0/1 points| Previous Answers TanApCalcBr10 6.7.005 My Notes Ask Your Teacher The demand function for a certain brand of CD is given by p -0.01x20.2x 13 where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. The supply function is given by p = 0.01x2 + 0.8x + 1 where p is the unit price in dollars and x stands for the quantity that will be made available in the market by the supplier, measured in units of a thousand. Determine the producers' surplus if the market price is set at the equilibrium price. (Round your answer to the nearest dollar)