The Management of the Titan Tire Company Has Determined That

Short Answer

The management of the Titan Tire Company has determined that the quantity demanded x of their Super Titan tires/week is related to the unit price p by the relation
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where p is measured in dollars and x is measured in units of a thousand. Titan will make x units of the tires available in the market if the unit price is
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dollars. Determine the consumers' surplus and the producers' surplus when the market unit price is set at the equilibrium price. Round your answers to the nearest dollars.
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CS = $__________
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PS = $__________