Question: Given the demand function, P = -Q-4Q +68 and the supply function, PQ+20 +12 (a) (2 points) Find the equilibrium quantity and price. (b)

Given the demand function, P = -Q-4Q +68 and the supply function,

Given the demand function, P = -Q-4Q +68 and the supply function, PQ+20 +12 (a) (2 points) Find the equilibrium quantity and price. (b) (4 points) Find the consumer's surplus if the equilibrium quantity, Q=4 (c) (4 points) Find the producer's surplus if the equilibrium quantity, Q=4

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