Discussion board for economics class: The Federal Reserve Instruction: Open a new thread and answer the question posted below. Your answer should be in the form of a mini-essay between 150-300 words. Read and respond to at least one of the your other classmates’ posts. Question: Some argue that the Federal Reserve is critical to our continuous economic stability and prosperity. Some others contend that the Fed should be abolished. What do you think is the right perspective?

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

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