Exercise 2. Graph Plotting. Plot the following data in a graph in the graphical space provided below and indicate if there is a shortage, surplus or equilibrium. Price Qd Qs Shortages/Surplus P2 4 80 20 40 70 60 60 8 50 80 10 40 100 12 30 120 14 20 140

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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