essential mathematics economic and business

2. The demand and supply functions for a product (helicopter rides) are given by Demand function: Q =50 - 0.1P Supply function: Q = -10 + 0.1P a) Calculate the equilibrium price and quantity. Plot the demand and supply functions in the form P = g(Q). Illustrate graphically the consumer and producer surplus at equilibrium. b) Calculate the consumer surplus at equilibrium. c) Calculate the producer surplus at equilibrium. d) Calculate the total surplus at equilibrium