In a competitive market, the following supply and demand equations are given:

SupplyPS= 15 + 0.25Q

DemandPD= 150 - 0.05Q,

where P represents price per unit in dollars, and Q represents sales in units per year.

A.Determine the equilibrium price and quantity.

B.Determine the consumer and the producer surpluses.

C.Determine the deadweight loss that would result if the government were to impose a price ceiling of 60 dollars per unit.