Here is the demand for coconuts: P 3 4 5 6 7 8 9 11 13 16 20 QD 1100 1000 900 800 700 600 500 400 300 200 100 And here is supply P 3 4 5 6 7 8 9 10 11 12 13 QS 100 200 300 400 500 600 700 800 900 1000 1100 Identify the equilibrium price, quantity, consumer and producer surplus and show them on a graph. The graph should be pretty simple here, the main issue is finding the numbers for consumer and producer surplus. Again, let me reiterate: I WANT NUMBERS FOR CONSUMER AND PRODUCER SURPLUS!
1. Here is the demand for coconuts:
P 3 4 5 6 7 8 9 11 13 16 20
QD 1100 1000 900 800 700 600 500 400 300 200 100
And here is supply
P 3 4 5 6 7 8 9 10 11 12 13
QS 100 200 300 400 500 600 700 800 900 1000 1100
Identify the
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