For a product, the demand curve is p=110eU.vurq and the supply curve is p=4q+10 for 0q500, where q is quantity and p is price in dollars per unit. Use a graphing calculator to answer the following questions. (a) At a price of $74, what quantity are consumers willing to buy and what quantity are producers willing to supply? Will the market push prices up or down? Round your answers to the nearest integer. Consumers are willing to buy units. Producers are willing to supply units. The market will push prices (b) Find the equilibrium price and quantity. Does your answer to part (a) support the observation that market forces tend to push prices closer to the equilibrium price? Round your answers to the nearest integer. p= q= (c) At the equilibrium price, calculate and interpret the consumer and producer surplus. Round your answers to the nearest integer. Consumer surplus = Producer surplus = Consumers $ by buying goods at the equilibrium price instead of the price they would have been willing to pay. Producers $ by supplying goods at the equilibrium price instead of the price at which they would have been willing to provide the goods. For a product, the demand curve is p=110eU.vurq and the supply curve is p=4q+10 for 0q500, where q is quantity and p is price in dollars per unit. Use a graphing calculator to answer the following questions. (a) At a price of $74, what quantity are consumers willing to buy and what quantity are producers willing to supply? Will the market push prices up or down? Round your answers to the nearest integer. Consumers are willing to buy units. Producers are willing to supply units. The market will push prices (b) Find the equilibrium price and quantity. Does your answer to part (a) support the observation that market forces tend to push prices closer to the equilibrium price? Round your answers to the nearest integer. p= q= (c) At the equilibrium price, calculate and interpret the consumer and producer surplus. Round your answers to the nearest integer. Consumer surplus = Producer surplus = Consumers $ by buying goods at the equilibrium price instead of the price they would have been willing to pay. Producers $ by supplying goods at the equilibrium price instead of the price at which they would have been willing to provide the goods