Question: Question 1 Based on this figure, please answer a, b and c (hint: do not forget to include in your analysis the calculations of changes

 Question 1 Based on this figure, please answer a, b and

Question 1 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 19)) P 10 D Q 6 . According to this graph, how much is the consumer surplus (when the price of equilibrium is $5)? According to this graph, how much is the producer surplus (when the price of equilibrium is $5)

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