Question: Question 3 2 pts Suppose that the market for a children's book is given by the following demand and supply functions: Demand: Qo=70-2P Supply Qs

Question 3 2 pts Suppose that the market for a children's book is given by the following demand and supply functions: Demand: Qo=70-2P Supply Qs -10 +2P Where: Qo and Qs are quantity demand and quantity supplied respectively, and P is the price. At the market equilibrium price, consumer surplus is equal to $ D Question 4 2 pts Suppose that the market for a children's book is given by the following demand and supply functions: Demand: Qp*70-2P Supply Q: -10 +2P Where: Qp and Qs are quantity demand and quantity supplied respectively, and Pis the price At the market equilibrium price producer surplus is equal to $

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