1.The supply curve for hummers is given by the equation Q = 80p - 60, where Q is the number of hummers supplied and P is the price in dollar per unit. The demand curve for hummers is given by the equation Q =150 - 60p, where Q is the number of hummers demanded and P is the price in dollar per unit.

D. Calculate what the price is when the quantity supplied is zero, and show the result in the graph.

E. Calculate the consumer surplus and the producer surplus, and show the results in the graph.