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p Sung 6 2 200 400 600 800 1000quantity) Enter your answers to the nearest integer. (a) Estimate the equilibrium price and quantity for the

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p Sung 6 2 200 400 600 800 1000quantity) Enter your answers to the nearest integer. (a) Estimate the equilibrium price and quantity for the supply and demand curves in the figure above. i dollars per unit units (b) Estimate the consumer and producer surplus. Consumer surplus = Producer surplus = (c) The price is set artificially low at p"= 2 dollars per unit. Estimate the number of units sold at this price. Estimate the consumer and producer surplus at this price Compare your answers to the consumer and producer surplus at the equilibrium price. Number of units sold = units Consumer surplus i Producer surplus

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