*1 The figure shows the demand for and supply of floppy discs.

a What are the equilibrium price and equilibrium quantity of floppy discs? b Calculate the amount that consumers paid for floppy discs. c What is the consumer surplus? d What is the producer surplus? e Calculate the cost of producing the floppy discs. f What is the efficient quantity of floppy disks?

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Price (euros per disc) 2.50 2.00 1.50 1.00 0.50 1 2 3 4 D 5 S Quantity (floppy discs per month)