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Please see the attached file below....thanks Assignment 6 - Consumer Theory Instructions: Answers must be hand-written. Show all your work or calculations. Upload either a

Please see the attached file below....thanks

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Assignment 6 - Consumer Theory Instructions: Answers must be hand-written. Show all your work or calculations. Upload either a jpeg or pdf file to the assignment folder prior to the deadline. Question 1 (Lecture 6e) The diagram below shows the market for gardening services in a small town. 70 Supply Price (Ss per hour) 60 50 40 (2 6 30 20 13 10 Demand 1000 2000 3000 4000 5000 6000 7000 8OOD Quantity (number of hours of gardening service per month) a) Suppose the market is in equilibrium at a price and quantity of $30 per hour and 4000 hours. What is the value (in dollars) of the consumer surplus generated in this market (at the market equilibrium)? b) Suppose the government restricts production to 2,000 hours of gardening services. Calculate the resulting loss of consumer surplus

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