Consumer and Producer Surplus End of Chapter Problem

The accompanying table shows the supply and demand schedules for used copies of a widely used medical textbook. The supply schedule is derived from offers at Amazon. The demand schedule is hypothetical. Assume that the demand schedule exactly reflects buyers' willingness to pay.

a. Calculate consumer and producer surplus at the equilibrium in thismarket.

Price of book	Quantity of books demanded	Quantity of books supplied
$55	50	0
60	35	1
65	25	3
70	17	3
75	14	6
80	12	9
85	10	10
90	8	18
95	6	22
100	4	31
105	2	37
110	0	42

consumer surplus: $

producer surplus: $