i need ! me yo < Question 3 of 11 > ect The Dominican Republic is considering placing a room Price per room 1% tax on Eco Hotels. The preliminary

i need ! me yo
<
Question 3 of 11
>
ect
The Dominican Republic is considering placing a room
Price per room
1%
tax on Eco Hotels. The preliminary analysis requires the
$500 .
rect
hotel to calculate consumer and producer surplus before
the tax. Below are the demand and supply equations for
Supply
yo
Eco Hotel rooms.
demand equation : Q = 2500 – 5P
Consumer
surplus
5%
rrect
supply equation : Q = 10P – 500
200
Calculate the consumer surplus.
Producer
0%
surplus
Demand
0%
consumer surplus = $
Q=1500
Quantity of rooms
0%
Calculate the producer surplus.
0%
producer surplus = $

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