It is known that fast food product data has a demand function P=1200-200Q and a supply function is P = 100Q+600. Based o

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It is known that fast food product data has a demand function P=1200-200Q and a supply function is P = 100Q+600. Based o

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It is known that fast food product data has a demand functionP=1200-200Q and a supply function is P = 100Q+600. Based on thesedata:-Calculate consumer surplus and producer surplus for theproduct-Make a graph of consumer surplus and producer surplus-Give your analysis related to consumer surplus and producersurplus that occurs in the product and what benefits can be felt byconsumers and producers
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