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Refer to Figure below. so price 45 40 - 35 30 25 20 15 10 100 200 300 400 500 600 700 800 quantity a.

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Refer to Figure below. so price 45 40 - 35 30 25 20 15 10 100 200 300 400 500 600 700 800 quantity a. (5 points) What is the equilibrium price and quantity? Equilibrium price = Equilibrium quantity = b. (12 points) Compute the consumer surplus, producer surplus, and total surplus at the equilibrium. CS = PS = TS =

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