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The accompanying diagram represents the market for Violins. Suppose that a new technology allows beginner-level Violin producers to make violins at a substantially lower (marginal) cost while retaining the same quality. a. Use the graph to illustrate the eect that this will have on the supply and demand of beginner-level violins and then answer the following three questions. 11. How much does this new technology increase consumer surplus? Increase in consumer surplus: $ :] c. How much does this new technology increase producer surplus? Increase in producer surplus: $ :] d. How much does this new technology increase total (or social) surplus? 270 240 210 180 150 120 90 Market for Violins O 10 2D 30 40 50 60 70 Quantity of violins (in thousands) BO 90 100