The graph represents the weekly demand and supply for the game console market. Instructions: Enter your answers as a whole number. a. What is the equilibrium price and quantity? Price: $ Quantity: game consoles b. Show the area of consumer surplus on the graph, and then determine how much consumer surplus is generated in the market each week. Instructions: Use the tool provided “CS” to illustrate this area on the graph.
The graph represents the weekly
Instructions: Enter your answers as a whole number.
a. What is the
Price: $
Quantity: game consoles
b. Show the area of
Instructions: Use the tool provided “CS” to illustrate this area on the graph.
Consumer surplus: $
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