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Please help question 2 Fe | Santa Fe College | ( X SF McGraw Hill Connect X Question 2 - HW Market Efficie x eSantaFe

Please help question 2

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Fe | Santa Fe College | ( X SF McGraw Hill Connect X Question 2 - HW Market Efficie x eSantaFe - My FA Statu ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252 W Market Efficiency Saved 2 Refer to the figure. Market for Game Consoles 600 Tools 550 .&. 500 CS 450 Print 400 350 Price (dollars) 300 8 250 200 150 100 50 10 20 30 40 50 60 70 80 90 100110 Quantity The graph represents the weekly demand and supply for the game console market. Instructions: Enter your answers as a whole number. a. What is the equilibrium price and quantity? Price: $ Quantity: game consoles b. Show the area of consumer surplus on the graph, and then determine how much consumer surplus is generated in the market each week. Instructions: Use the tool provided 'CS' to illustrate this area on the graph. Consumer surplus: $

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