U D Question 3 Suppose that the market for a children's book is given by the following demand and supply functions: Demand: Supply: Qo=70-2P Q-10+2P Where: Qo and Qs are quantity demand and quantity supplied respectively, and P is the price. At the market equilibrium price, consumer surplus is equal to $ Question 4 Suppose that the market for a children's book is given by the following demand and supply functions: Demand: Supply: Qu70 - 20 Q-10+2P Where: Qop and Qs are quantity demand and quantity supplied respectively, and P is the price. At the market equilibrium price, producer surplus is equal to $ 2 pts 2 pts