4. Use the linear demand and supply curves shown below to answer the following questions:

a. The market or equilibrium price is $_______.

b. The economic value of the 2,000th unit is $_______, and the minimum price producers will accept to produce this unit is $_______.

c. When 2,000 units are produced and consumed, total consumer surplus is $_______, and total producer surplus is $_______.

d. At the market price in part

a, the net gain to consumers when 2,000 units are purchased is $_______.

e. At the market price in part

a, the net gain to producers when they supply 2,000 units is $_______.

f. The net gain to society when 2,000 units are produced and consumed at the market price is $_______, which is called _______.
g. In market equilibrium, total consumer surplus is $_______, and the total producer surplus is $______ h. The net gain to society created by this market is $_______.