Use the information on the kumquat market in the following table to answer the questions. (Quantities...

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Use the information on the kumquat market in the following table to answer the questions. (Quantities are given in millions of crates per year.) Price (Per Crate) Quantity Demanded Quantity Supplied $5 140 40 10 130 80 15 120 120 20 110 160 25 100 200 30 90 240 The equilibrium price is $15 and the equilibrium quantity is 120 million crates. (Enter your responses as integers.) How much revenue do kumquat producers receive when the market is in equilibrium? Kumquat producers receive $ 1.8 billion in revenue. (Enter your response rounded to one decimal place.) Suppose the federal government decides to impose a price floor of $25 per crate. Assume that the government does not purchase any surplus kumquats. Now how many crates of kumquats will consumers purchase? Consumers will purchase 100 million crates of kumquats. (Enter your response as an integer) Graph Price Demand Supply fice floor How much revenue will kumquat producers receive? Kumquat producers will receive $ revenue. (Enter your response rounded to one decimal place.) billion in 120 160 180 210 240 270 Quanlity of kumquats (millions of crates per year) Print Done Use the information on the kumquat market in the following table to answer the questions. (Quantities are given in millions of crates per year.) Price (Per Crate) Quantity Demanded Quantity Supplied $5 140 40 10 130 80 15 120 120 20 110 160 25 100 200 30 90 240 The equilibrium price is $15 and the equilibrium quantity is 120 million crates. (Enter your responses as integers.) How much revenue do kumquat producers receive when the market is in equilibrium? Kumquat producers receive $ 1.8 billion in revenue. (Enter your response rounded to one decimal place.) Suppose the federal government decides to impose a price floor of $25 per crate. Assume that the government does not purchase any surplus kumquats. Now how many crates of kumquats will consumers purchase? Consumers will purchase 100 million crates of kumquats. (Enter your response as an integer) Graph Price Demand Supply fice floor How much revenue will kumquat producers receive? Kumquat producers will receive $ revenue. (Enter your response rounded to one decimal place.) billion in 120 160 180 210 240 270 Quanlity of kumquats (millions of crates per year) Print Done