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Please help question 17 HW Market Efficiency 17 Refer to the figure depicting the market for wheat below for part a and b. Market for

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Please help question 17

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HW Market Efficiency 17 Refer to the figure depicting the market for wheat below for part a and b. Market for Wheat O Price (dollars) 0.15 13 points Tools 12 A. CS PS 11 Print 10 9 O O Tons of Wheat (in thousands) a. Indicate the consumer surplus if the market is in equilibrium. Instructions: Use the tool provided 'CS' to shade in the consumer surplus area on the graph. b. Indicate the producer surplus if the market is in equilibrium. Instructions: Use the tool provided 'PS' to shade in the producer surplus area on the graph. Refer to the figure below depicting a $10 price floor on the market for wheat. Use this graph for part c through e. Market for Wheat O Price (dollars) 13 Tools 12 .A. cS of PSof 71 Price Floor DWL 9 Co B 10 Tons of Wheat (in thousands) c. Indicate the consumer surplus after the price floor has been implemented. Instructions: Use the tool provided 'CSpf' to shade in the consumer surplus, after the price floor was Implimented, on the graph. d. Indicate the producer surplus after the price floor has been implemented. Instructions: Use the tool provided 'PSpf' to shade in the producer surplus, after the price floor was implimented, on the graph. e. Indicate the deadweight loss associated with the price floor. Instructions: Use the tool provided 'DWL' to shade in the deadweight loss on the graph. The value of the deadweight loss here is: $ thousand

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