Suppose that the demand curve for an advanced technology product for businesses is given by 
and supply is 
.
a. Find the equilibrium price and quantity.
b. Calculate consumer surplus at the equilibrium price.
c. Calculate producer surplus at the equilibrium price.
Definitions:
Over Funding
Over funding refers to the scenario where more financial resources are allocated to a project, organization, or cause than are necessary, potentially leading to inefficiency or misuse of funds.
Staffing Issues
Challenges related to hiring, retaining, or managing employees effectively within an organization.
War on Drugs
The War on Drugs is a government-led initiative aimed at stopping the illegal drug trade, reducing drug addiction and abuse, and enforcing drug prohibition laws.
Substance Abuse
The misuse of drugs or alcohol that leads to clinical impairment or distress.
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