Question: Use the market represented in Figure 5P-2 to plot the equilibrium price and quantity and to draw the consumer surplus when the market is in

Use the market represented in Figure 5P-2 to plot the equilibrium price and quantity and to draw the consumer surplus when the market is in equilibrium. What is the value of consumer surplus at the equilibrium price?

Figure 5P-2:

Price (S) 15 14 13 12 11 10 8. 0 10 20 30 40 50 60 70 80 90 100 Quantity -654 321

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