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This is a question about microeconomics The market supply curve of rubber erasers is given by OS = 35000 + 2000P. The demand for rubber

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This is a question about microeconomics

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The market supply curve of rubber erasers is given by OS = 35000 + 2000P. The demand for rubber erasers can be segmented into two components. The first component is the demand for rubber erasers by art students. This demand is given by (1,4 = 17000 ZSOP. The second component is the demand for rubber erasers by all others. This demand is given by qo = 25000 2000P. a) Find the equilibrium market price and quantity. b) Determine the consumer surplus for each component of demand

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