[All Steps] The figure illustrates the market for CDs. What are the equilibrium price and equilibrium quantity of CDs? Calculate the amount consumers paid
Question: The figure illustrates the market for CDs.
- What are the equilibrium price and equilibrium quantity of CDs?
- Calculate the amount consumers paid for CDs.
- Calculate the consumer surplus.
- Calculate the producer surplus.
(f) what is the efficient quantity of CDs?
Deliverable: Word Document 
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