Question 1 Value of Money MS, MS, 2 Money Demand 1 Quantity of Money If the Money Supply is MS, and the value of money is 2, which relationship holds? The value of money is less than its equilibrium level. ) The money supply is greater than money demand. The price level is higher than its equilibrium level. The money demand is greater than the money supply.

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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