Question: Please help question 5 Saved rket Efficiency i Refer to the figure. Market for Game Consoles 600 Tools 550 500 PS 450 400 350 Price

Please help question 5

Saved rket Efficiency i Refer to the figure. Market for Game Consoles 600 Tools 550 500 PS 450 400 350 Price (dollars) 300 250 200 150 100 50 10 20 30 40 50 60 70 80 90 100110 Quantity The graph represents the weekly demand and supply for the game console market. Instructions: Enter your answers as a whole number. a. What is the equilibrium price and quantity? Price: $.[ Quantity: game consoles b. Show the area of producer surplus on the graph, and then determine how much producer surplus is generated in the market each week. Instructions: Use the tool provided 'PS' to illustrate this area on the graph. Producer surplus: $

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