[Solution] (a) Estimate the equilibrium price and equilibrium quantity. (b) Estimate the consumer surplus. Draw it on a graph similar to Figure 6.2.163.
Question: (a) Estimate the equilibrium price and equilibrium quantity.
(b) Estimate the consumer surplus. Draw it on a graph similar to Figure 6.2.163.
(c) Estimate the producer surplus. Draw it on a graph similar to Figure 6.2.163.
(d) Estimate the total gains from trade.
Deliverable: Word Document 
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