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PART1 1-Market demand and supply schedule for Cranberries Quantity supplied Price per kg) millions of per year) 5250 + 200 1 3 1.50 2 2

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PART1 1-Market demand and supply schedule for Cranberries Quantity supplied Price per kg) millions of per year) 5250 + 200 1 3 1.50 2 2 1.00 .Draw a graph showing the demand and supply curves, D and S. plot only the endpoints of the demand and supply curves. What are the equilibrium price and quantity before government intervention? Calculate the initial consumer surplus and producer surplus. PART 2 1. Eronomics is

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