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answers are wrong correct them please 3 Refer to the figure below. Market for Game Consoles points 600 Tools 550 2. 500 CS 450 References
answers are wrong correct them please
3 Refer to the figure below. Market for Game Consoles points 600 Tools 550 2. 500 CS 450 References PS 400 S 350 ES ea Price (dollars) 300 eg ES 250 200 150 100 50 D 10 20 30 40 50 60 70 80 90 100 110 3 50 D 0 10 20 30 40 50 60 70 80 90 100 110 6 points Quantity eBook References Instructions: Enter your answers as a whole number. a. What is the quantity demanded at $150 per game console? Quantity demanded: 80 game consoles b. What is the quantity supplied at $150 per game console? Quantity supplied: 20 game consoles c. What is the consumer surplus generated at a price of $150 per game console? 3 a. What is the quantity demanded at $150 per game console? Quantity demanded: 80 game consoles b. What is the quantity supplied at $150 per game console? 6 points Quantity supplied: 20 game consoles c. What is the consumer surplus generated at a price of $150 per game console? Instructions: Use the tool provided "CS to illustrate this area on the graph. Consumer surplus: $ 7000 d. What is the producer surplus generated at a price of $150 per game console? Instructions: Use the tool provided "PS to illustrate this area on the graph. Producer surplus: $ 500 e. What is total economic surplus at a price of $150 per game console? Economic surplus: $ 7500 Saved 3 c. What is the consumer surplus generated at a price of $150 per game console? Instructions: Use the tool provided "CS" to illustrate this area on the graph. 6 polnts Consumer surplus: $ 7000 d. What is the producer surplus generated at a price of $150 per game console? eBook Instructions: Use the tool provided PS" to illustrate this area on the graph. Producer surplus: $ 500 References e. What is total economic surplus at a price of $150 per game console? Economic surplus: $ 7500 f. What is the economic surplus generated if the market were in equilibrium? Instructions: Use the tool provided "ESeq" to illustrate this area on the graph. 13500 Economic surplus in equilibrium: $
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