Consider the market for some product. Suppose the market demand and supply curves are as given below. The quantity is in million units. Demand: p = 20 - 50\" Supply: p = 5 + 405 a. Plot the demand and supply curves on a scale diagram. Compute the equilibrium price and quantity. 1.} Use the tine drawing tooito draw and label these demand and supply lines in the graph at right. 2.} Use the point drawing toot to plot and label the equilibrium point. Carefully follow the instructions above, and only draw the required objects. E The equilibrium quantity is 1.56 million units. (Round your response to one deoimat place.)I The equilibrium price is $ 12.22 . (Roundyour response to the nearest cent.) b. The total value that consumers place on the good at the equilibrium price and quantity is $ 25 million. (Round your response to the nearest whole numben) o. The value that consumers place on one additional unit of the good is SD. {Round your response to the nearest oent.) ' 0.0 1.0 2.0 3.0 4.0 5.0 Quantity.I [million units}