Question: Answer the question please E D Po G H Demand 0 Q2 Q1 Quantity of granola (kilos) Figure 4-4 shows the market for granola. The

Answer the question please Answer the question please E D Po G H Demand 0 Q2

E D Po G H Demand 0 Q2 Q1 Quantity of granola (kilos) Figure 4-4 shows the market for granola. The market is initially in equilibrium at a price of P 1 and a quantity of Q 1. Now suppose producers decide to cut output to Q 2 in order to raise the price to P 2. Refer to Figure 4-4. What area represents consumer surplus at P2? A+B

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