5. The domestic supply and demand curves for Jolt coffee beans are given by P = 10+Q and domestic demand P = 100 - 2Q, respectively, where P is the

5. The domestic supply and demand curves for Jolt coffee beans are given by P = 10+Q and domestic demand P = 100 - 2Q, respectively, where P is the price in dollars per bushel, and Q is the quantity in millions of bushels per year. There is perfect competition in the world market and thus the total world supply is P = 10. a) In absence of government policy, the U.S. Supply is the world supply. What is the consumer surplus at the equilibrium price? What is the producer surplus?