Question: ( a ) What are the equilibrium price and quantity for the supply and demand curves in the figure above? Equilibrium price ( =

(a) What are the equilibrium price and quantity for the supply and demand curves in the figure above?
Equilibrium price \(=\$ \)
Equilibrium quantity \(=\)
(b) Estimate the consumer and producer surplus.
Round your answers to the nearest thousand.
Consumer surplus \(=\$ \)
Producer surplus \(=\$ \)
( a ) What are the equilibrium price and quantity

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