Suppose that the demand for textbooks, QD, is represented by the following equation, where P is the price of a textbook and QDis the number of textbooks demanded:

QD=3,000.00-25.00P.

The supply of textbooks, QS, is represented by the equation:

QS=-300.00+30.00P.

The equilibrium price is $---------(round your answer to two decimal places).

The equilibrium quantity is ---------(round your answer to two decimal places - for the purposes of this problem, imagine it is possible to sell a fraction of a book).

At the equilibrium price and quantity from Part 1, consumer surplus is $----------, and producer surplus is $

(round your answers to two decimal places).