This question is based on the following diagram. Time left 1:08:50 P B NO F G Q 2 If the price rises from P1 to P2, consumer surplus decreases by the area A-B-P2. O B-G- F. A-F-P1. O P1-P2- B-F. age Next page MacBook AirTime left 1:08:35 Given the demand for a product as Qd = 46 - 9P and the supply is given as Qs = 21 + P. You are told equilibrium is obtained at the point where Qd = Qs The equilibrium price of the product is and the equilibrium quantity is Suppose a new machine allows restaurants and fast-food outlets to produce chips at a lower cost. Diagram A Diagram B P S .S1Question 10 Not yet Suppose a new machine allows restaurants and fast-food outlets to produce chips at a lower cost. Time left 1:07:31 Diagram A Marked out of Diagram B 100 Flag question Q Q Diagram C Diagram D Which diagram shows how this will affect the market for chips? Diagram D D Diagram A Diagram C Diagram BThis question is based on the following table indicating a group of students' willingness to sell tickets for a soccer match. Willingness to sell Jabu 7 Thabang 25 Klaas 60 Busani 90 Sandile 100 After the recent slump in the performances of Bafana Bafana, a group of students want to sell their tickets for the Bafana Bafana versus the Super Eagles game. Assume that each student only has one ticket to sell. If the price of a ticket is R65, the total producer surplus is Next page MacBook Air