Question 5 Not complete Marked out of 1.00 \\V Flag question Suppose that the quantity demanded (OD) and the quantity supplied (05) in the market for apple under certain price levels are listed in the table below. [Price ($)] [QD (kg)] [ 05 (kg) ] 5 3136 6656 4 3300 5800 3 4300 4300 2 5200 3150 1 6000 2900 Suppose the demand curve is non-increasing and the supply curve non-decreasing. When the price is $6, there will be an excess supply of at least [Answer] kgs of apple. (In decimal numbers. with two decimal places. please.) Question 6 Not complete Marked out of1.00 \\V Flag question Given the following supply and demand function, the consumer surplus under the market equilibrium is [Answer] dollars. Supply: Q = 0.9P 2 Demand: Q = -0.3P +19 (In decimal numbers, with two decimal places, please.) Question 7 Not complete Marked out of 1 '00 \\v Flag question Given the following supply and demand function, the producer surplus under the market equilibrium is [Answer] dollars. Supply: 0 = 0.9P - 2 Demand: Q = -O.3P +19 (In decimal numbers, with two decimal places, please.) Question 1 1 Not complete Marked out of 1 .00 \\V Flag question Suppose there are two buyers in a market with the following demand functions. Demand 1: P = 228 -1.6Q Demand 2: P = 167 - 0.6Q When the market price is [Answer]. the total quantity demanded is 250. (In decimal numbers, with two decimal places, please.) Question 1 2 Not complete Marked out of 1 .00 \\V Flag question Suppose there are two producers in a market with the following supply functions. Supply 1: P = 6 + 0.30 Supply 2: P = 17 + 0.7Q Which of the following points is most likely not on the market supply curve? 0 a.P=25.50,Q=77.14 O b.P=1l.50,Q=18.33 O c,P=34.00,Q=115.19 O d.P=17,Q=36.67