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If QS = -485 + 81 P and P = $16.35 what is the producer surplus? (ROUND TO TWO DECIMAL PLACES)

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Related questions

QD = Quantity Demanded QS = Quantity Supplied P = Price

1. If QD = 390 – 2P AND QS = -60 + 3P, find the equilibrium price and quantity.

2. If price is equal to $100, is there a shortage or a surplus? Please explain your answer.

3. Find the Consumer Surplus and the Producer Surplus at equilibrium.

4. Calculate the Total Surplus. Is it at its maximum?

5. If the price is equal to $87, what happens to the Consumer Surplus and the Producer Surplus?

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Suppose the demand curve is given by QD = 400-50 P, where P is the price. The
supply curve if given by QS = 50P
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Suppose that the government made a rule that the price must be 5dollars.
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