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Please help question 8 8 Refer to the gure below. Market for Game Consoles J MD Tools HID . m llt Jr 4&0 as ea

Please help question 8

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8 Refer to the gure below. Market for Game Consoles J MD Tools HID . m llt Jr 4&0 as ea dint) . g m ' "L" 300 . ES." g m 200 we 5 too F so _ I, o ' ' - f) . 1O 20 30 40 50 60 ?0 30 90100110 Quantity Instructions: Enter your answers as a whole number. a. What Is the quantity demanded at $150 per game console? Quantity demanded: E game consoles b. What Is the quantity supplied at $150 per game console? Quantity supplied: E game consoles c. What Is the consumer surplus generated at a price of $150 per game console? Instructions: Use the tool provided 'C5' to Illustrate this area on the graph. Consumer surplus: 35 [:1 d. What Is the producer surplus generated at a price of $150 per game console? Instructions: Use the tool provided 'PS' to Illustrate this area on the graph. Producer surplus: 5 [:j e. What Is total economic surplus at a price of $150 per game console? Economic surplus: S |::] f. What Is the economic surplus generated iflhe market were In equilibrium? Instructions: Use the tool provided.'ESeq' to Illustrate this area on the graph. Economic surplus in equilibrium: $ :3

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