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Give the correct answer with detailed explanation and don't copy.. The diagram shows the market for gardening services. a. At the marketclearing price and quantity

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Give the correct answer with detailed explanation and don't copy..

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The diagram shows the market for gardening services. a. At the marketclearing price and quantity of $30 per hour and 8030 hours 01 gardening services purchased, the economic surplus is O A. the sum ofthe areas below the demand curve, up to B hours - i_e_, areas 5, 6, "LB, 5111,12. O B. the sum of the areas below the demand curve, but above the market-clearing price of $30 - i.e_, areas 5, 6, ti. 5 .p................. O C. the sum of the areas below the demand curve - i_e_, areas 1, 2, 3, t1, 5, 5, 7, 8, 9. O D. the sum of the areas abeve the supply curve and helm-4r the demand curve i.e., areas 5, 6, 7, B, 4. 3. Price (3% per hour) 0 E. the sum of the areas above the supply curve, but below the marketclearing price of $30 i.e., areas T, E, 3. o 2mm 4000 Boat] soon wane 12mm 14mm 1600:: Quantity [number of hours of gardening service per month) If the equilibrium price for some product is $1000, a price ceiling of $1500 will result in O A. the same general effects as an administered price of $1500. O B. no effects because the price ceiling is not binding at that price. O C. surpluses of the good. O D. the same general effects as a price floor of $1500. O E. the same general effects as a price ceiling of $500

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