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5. Use the graph below to answer the following questions: a. What is the market equilibrium price and quantity for fast-food meals? b. If prices increased to $14, what would happen to quantity demanded? c. Is this market efficient if the price is $8? d. Calculate the consumer and producer surplus at the market equilibrium. It Apps Dissertation Ca Zak Sensors Co Tex PEARSON percent in an emergency andy the equilibrium price for I the equilibrium quantity was y, demand increased to 500 allers raised prices to the maxi- Table of Contents > you think that the new higher t the increased demand? Use a Price per meal ($) lain your answer wil is $90 per barrel and that the t wants at this price. Suppose schedules for oil in the United Part V. The Come of TITY U.S. QUANTITY SUPPLIED 0123 4 5 6 7 8 Glossary Millions of meals per day NOW 12 In February 2013. the U.S. Energy Information Administration Ask me anything oemmmonomer 6. Which of the following are intermediate goods and which are final goods: a. Running shoes b. Cotton fiber c. Watches d. Textbooks e. Coal f. Sunscreen lotion g. Lumber h. Donuts