ANS WITH FULLY EXPLANATION

Question 1 Not complete Marked out of 1.00 V Flag question Suppose there are 7 potential buyers in the market of cake, and their willingness to pay for a piece of cake is listed in the table below. [ Buyer] [Willingness to pay ($) ] 1 3 5 7 8 10 12 14 When the price of the cake is $11 per piece, the quantity demanded is [Answer] \\IODU'l-ILOON pieces of cake. (In integers, please) Question 2 Not complete Marked out of 1.00 \\v Flag question Suppose there are 7 potential buyers in the market of cake, and their willingness to pay for a piece of cake is listed in the table below. [ Buyer] [Willingness to pay ($) ] 1 3 5 7 8 1O 12 14 When the price of the cake is $10 per piece, the consumer surplus ummbmm is [Answer] dollars. (In integers, please) Question 6 Incorrect Mark 0.00 out of 1.00 \\v Flag question Given the following supply and demand function, the consumer surplus under the market equilibrium is [Answer] dollars. Supply: Q = 0.6P 2 Demand: Q = 0.3P + 18 (In decimal numbers, with two decimal places, please.) Answer: 23_91 x Question 7 Not complete Marked out of 1.00 V Flag question Given the following supply and demand function, the producer surplus under the market equilibrium is [Answer] dollars. Supply: Q = 0.6P 2 Demand: Q = 0.3P + 18 (In decimal numbers, with two decimal places, please.) Question 8 Not complete Marked out of 1.00 V Flag question Given the following supply and demand function, the total economic surplus under the market equilibrium is [Answer] dollars. Supply: P = 1.70 + 4 Demand: P = 0.9Q + 22 (In decimal numbers, with two decimal places, please.)