rice SS 2.00 1.00 9.50 Quantity 500 800 (unit) Rajah 1 Figure 1 Using graph, explain the conditions under which a perfectly competitive market firm achieves equilibrium determining the price and output produced.~ b. 1Suppose the market supply curve for wheat is shown in.Figure. 1~ Calculate the producer's surplus when the price of wheat is. RM2.00.per kilogram If the government sets the price of wheat at. RM1.00.per kilogram, calculate the loss in producer surplus?