The Ministry of Tourism in the Republic of Palau estimates that the demand for its scuba diving tours is given by Q" 6000 – 20P, where Q is the number of divers served each month and P is the price of a two-tank dive. The supply of scuba diving tours is given by QS = 30P – 2000. a) Find the equilibrium price and quantity. b) Find consumer and producer surplus.

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