Question: Anne (supply given by Question 1) sells her patio chairs to Case, who values hisfirst chair at $60, the second at $30, and the third

Anne (supply given by Question 1) sells her patio chairs to Case, who values hisfirst chair at $60, the second at $30, and the third at $10. Calculate surplus or shortage if the price is P = $35, and then find equilibrium price and quantity.

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