John the plumber has the following weekly demand for repairs by his business: Q = 2,000 – 10(P) Q = quantity of repairs

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John the plumber has the following weekly demand for repairs byhis business: Q = 2,000 – 10(P) Q = quantity of repairs demanded bycustomers per week. P = average price per repair. The Total Costper repair is 20•Q John chooses the price to charge to hiscustomers (cause). The result (effect) will be the total number ofrepairs his customers want per week.
Draw the demand curve faced by John the plumber. Numericallylabel its two end points.
Solve the profit maximizing price and quantity. Label them onyour diagram.
How much are total profits? Label the Consumer Surplus on yourdiagram. Define Consumer Surplus, as well.