The Ministry of Tourism in the Republic of Palau estimates that the demand for its scuba diving tours is given by QD=600

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answerhappygod
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The Ministry of Tourism in the Republic of Palau estimates that the demand for its scuba diving tours is given by QD=600

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The Ministry of Tourism in the Republic of Palau estimates thatthe demand for its scuba diving tours is givenby QD=6000−20P where Q is the number of divers servedeach month and P is the price of a two-tank dive. The supply ofscuba diving tours is given by QS=30P−2000. Use negative signswhere appropriate. Round to the nearest one-hundredth decimal place(0.01)
Find.
Demand Choke Price:
Supply Choke Price:
Find Producer Surplus:
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