market oeiow. Answer eacn or me Tonowrng questions. Price Sum Demand 1950 3275 5200 6825 3000 Quantity 3. If this market operates at equilibrium what is the price and quantity? b. If this market operates at equilibriurr which areas on the graph represent consumer surplus and what is the value c consumer surplus? c. If this market operates at equilibrium which areas on the graph represent producer surplus what is the value of producer surplus? c. If this market operates at equilibrium, which areas on the graph represent producer surplus what is the value of producer surplus? d. If this market operates at a price of $80, how many units will producers sell? e. If the government places a price floor in this market of $177, would this create a shortage or a surplus? f. How many units will be produced, but not actually sold at a price of $177? 3. If demand decreases and the new equilibrium price is $80, what happens to consumer surplus