*Please show all work* The Ministry of Tourism in the Republic of Palau estimates that the demand for its scuba diving t

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*Please show all work* The Ministry of Tourism in the Republic of Palau estimates that the demand for its scuba diving t

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*Please show all work*
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).
a. Find the equilibrium price and quantity.
Equilibrium Price: P*=
Equilibrium Quantity: Q*=
b. Find the demand and supply choke prices.
Demand Choke Price:
Supply Choke Price:
c. Find Consumer Surplus
CS=
d. Find Producer Surplus
PS=
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