Demand curve is .
Supply curve is .
Substitute in
.
Consumer surplus of the commodity : .
Substitute corresponding values in consumer surplus of the commodity.
\The consumer surplus is .
Producer surplus of the commodity : .
Substitute corresponding values in consumer surplus of the commodity.
\The producer surplus is .
Graph :
\Draw a coordinate plane.
\Graph the functions and
.
From the graph consumer surplus is .
From the graph producer surplus is .
The consumer surplus is .
The producer surplus is .
From the graph consumer surplus is .
From the graph producer surplus is .