Question: please do for an example do not understand Question 4. Suppose Megabox is a new case designed for smartphones. We know its demand curve and

 please do for an example do not understand Question 4. Suppose

please do for an example do not understand

Megabox is a new case designed for smartphones. We know its demand

Question 4. Suppose Megabox is a new case designed for smartphones. We know its demand curve and supply curve as below. Here the units of P and Q are, P: $/case, Q: thousand cases. . Demand function: Qa = 100 - 2 * P . Supply function: Qs = -20 +4 * P (1) How much is consumer surplus (CS) when Megabox is priced at $35 in the market? (2) How much is consumer surplus (CS) when price the case drops to $25? (3) How much is consumer surplus (CS) at market equilibrium price of Megabox? (4) How much is producer surplus (PS) and total surplus (TS) at market equilibrium

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