1) Consider the following demand and supply schedule for dog food in the US: Price Quantity Quantity Demanded Supplied $0.00 6000 0 $5.00 5000 1000 $10.00 4000 2000 $15.00 3000 3000 $20.00 2000 4000 $25.00 1000 5000 $30.00 0 6000 A) Draw the supply and demand curves. Calculate and mark on the graph equilibrium price and quantity. Calculate and plot on the graph consumer and producer surplus. What is the total surplus? EQUILIBRIUM . $ 15.00 300 0 FOR D BOTH DEMAND ? SUPPLY