USE TABLE #1: The calculation you used to find the consumer surplus for the efficient market for electric automobiles is 1/2 x ($ ) x ( ). (Remember to use a comma, if a comma is needed and to include...

please solve a and b

Extracted text: USE TABLE #1: The calculation you used to find the consumer surplus for the efficient market for electric automobiles is 1/2 x ($ ) x ( ). (Remember to use a comma, if a comma is needed and to include the decimal point and two numbers to the right of the decimal point). USE TABLE #1: Now, assume the market for electric automobiles is an efficient market. The consumer surplus for the market for electric automobiles is $ . (Remember to use a comma, if a comma is needed and to include the decimal point and two numbers to the right of the decimal point).


Extracted text: FIGURE #1: Price (dollars per Price (dollars per ton of plywood) ton of plywood) D2 DI D D2 Quantity (tons of plywood per month) Figure A Quantity (tons of plywood per month) Figure B Price (dollars per ton of plywood) Price (dollars per ton of plywood) S2 S2 D Quantity (tons of plywood per month) Quantity (tons of plywood per month) Figure C Figure D TABLE #1: The following table shows different points on the linear supply and demand curves for electric automobiles: Quantity Supplied In Units 60 120 180 240 300 360 Price $0.00 $20,000.00 $40,000.00 $60,000.00 $80,000.00 $100,000.00 $120,000.00 Quantity Demanded 720 600 480 360 240 120 In Units