X HIT500-HW2.doc x HB Computer and In X HB Harvard Business X G Case Analysis # nts/4726767 Pa Calculate the price elasticity for $1 change in price at initial price level $20. Question 5: Using the below diagram, calculate a) Total consumer expenditures b ) Total cost to sellers C ) Total consumers surplus d) Total Producers' surplus e) The sum of the consumers' and the producers' surplus 20 Demand Price Supply Consumers' Surplus P1 Producers' Surplus Cost to sellers Milk (1000's gallons) 2 HIT500-HW2 (1).docx