Add a File Record Audio Question 22 (10 points) Suppose the demand function for a good is P = 32-Q 5 a. Draw the demand curve and find the price elasticity of demand when P = 24. What happens to the price elasticity at P = 24 if the demand curve shifts to the right? 18 b. What is Consumer Surplus at P = 24? Show your work and shade in the area on your graph. Explain in words what this consumer surplus means and what we can 21 practically do with this information. 24