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Draw a graph and properly mark the axes, equilibrium price and quantity, shade the consumer surplus area, producer's surplus area, quantity demand and supplied at
Draw a graph and properly mark the axes, equilibrium price and quantity, shade the consumer surplus area, producer's surplus area, quantity demand and supplied at $20, quantity demanded and supplied at $10.
quantity demanded for $10 is 300
quantity supplied for $10 is 90
excess demand is 210
quantity demand for $20 is 100
quantity supplied for $20 is 190
excess supply is 90
market equilibrium price is $17 and quantity is 160
also please guide me in the correct steps to find the consumer and producers surplus with the graph. Thank you
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