Given the following market demand, D = 120 – 2 , find the consumers’ surplus when = £20 and = £15…

Given the following market demand, D
= 120 – 2, find the consumers’ surplus when  =
£20 and  = £15. Calculate a demand schedule
and then draw a graph showing consumer surplus.

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Given the following market demand, D = 120 – 2 , find the consumers’ surplus when = £20 and = £15…
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Given the following market supply, S
= 210 – 5, find the producers’surplus when  =
6 and  = 8. Calculate a supply schedule and
then draw a graph showing producer surplus.

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