What is the consumer surplus at the equilibrium price? What is the producer surplus at the equilibrium price? What is the total surplus at the equilibrium price? If the price falls from $45 to $30, how much does producer surplus decrease due to current sellers leaving the market? If the price falls from $45 to $30, how much does producer surplus decrease due to remaining sellers now having to accept a lower price? If the price falls from $45 to $30, how much does producer surplus decrease by? If the price falls from $45 to $30, what's the new producer surplus? Say the price is $55, what is the consumer surplus? If the price falls from $55 to $45, how much does consumer surplus increase due to more buyers entering the market? Use the above figure to answer the below questions! Assume: - the supply curve intersects the vertical axis at $15 and - the demand curve intersects the demand curve at $65. Also assume that the quantity intersect between 4&6 is 5 units. If the price falls from $45 to $30, how much does producer surplus decrease by? If the price falls from $45 to $30, what's the new producer surplus? Say the price is $55, what is the consumer surplus? If the price falls from $55 to $45, how much does consumer surplus increase due to more buyers entering the market? If the price falls from $55 to $45, how much does consumer surplus increase due to existing buyers enjoying the new lower price? If the price falls from $55 to $45, how much does consumer surplus increase in total? Will the market have more sellers when market price is $30 or at $45