Question: Consider the following table:

Answer the following questions with respect to the table above

a) What is the minimum price that suppliers are willing to accept for the 150^th hamburger?

b) What is the maximum price that consumers are willing are pay for the 150^th hamburger?

c) What is the level of efficient quantity?

d) What is the consumers’ surplus? What is the Producers surplus? Assume efficiency of markets.

e) At 150 hamburgers what is the deadweight loss?