now limer Question Completion Status: QUESTION 14 points (Extra Credit) Save Answer Consider the following inverse demand equation or price equation. P = 50 - 2Q (4) Where P is the market price of the product and Q is the quantity- If equilibrium price or P =30 and equilibrium quantity or Q = 10, calculate the consumer surplus. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Open Sans, sa... ~ 10pt E Y A Y ... x2 X2 ABC O WORDS POWERED BY TINY QUESTION 15 I points (Extra Credit) Save Answer Consider the following inverse demand equation or price equation. P = 50 - 2Q (4) Where P is the market price of the product and Q is the quantity. Now, if equilibrium price or P =10 and equilibrium quantity or Q = 20, how much is the consumer surplus? Is consumer surplus higher or lower now compared to when price is equation to $30? What is the difference between consumer surplus at low price and high price? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B IUS Paragraph Open Sans, sa..! 10pt E . .. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit O 99+ 3:40 PM 1/30/2022