Question: Based on this figure, please answer a, b and c (hint: do not forget to include in your analysis the calculations of changes in price


Based on this figure, please answer a, b and c (hint: do not forget to include in your analysis the calculations of changes in price and quantity! I suggest you work with areas; area of a triangle Base x Height x 12)) P 10 5 D Q 6 a) According to this graph, how much is the consumer surplus (when the price of equilibrium is $5)? b) According to this graph, how much is the producer surplus (when the price of equilibrium is $5)
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