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QD = 90 - 15P QS = 10P - 10 Graph the supply curve on a...

QD = 90 - 15P

QS = 10P - 10

  1. Graph the supply curve on a new graph, labeling the price intercept. Input the price (vertical) intercept value here.
    1. What is the quantity supplied at a price of $2.00 per unit?
    2. Identify the area of producer surplus on your graph at a price of $2.00 per unit. What is the value of producer surplus at a price of $2.00 per unit?
    3. Compare the quantity supplied and the quantity demanded at P = $2.00 per unit. Will all consumers who want to purchase the good be able to? If not, can you determine which consumers will be able to purchase?
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