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(Steps Shown) Consumer and Producer Surpluses: Factory orders for an air conditioner are about 6000 units per week when the price is $325 and about 8000

Question: Consumer and Producer Surpluses: Factory orders for an air conditioner are about 6000 units per week when the price is $325 and about 8000 units per week when the price is $300. The supply function is given by \(p=0.0275 x\). Find the consumer and producer surpluses. (Assume the demand function is linear.)

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