The following graph shows the supply of (orange curve) and demand for (blue curve) computer keyboards....

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The following graph shows the supply of (orange curve) and demand for (blue curve) computer keyboards. Determine the equililbrium price and quantity of computer keyboards. Based on this, use the green triangle (triangl symbols) to shade the area representing consumer surplus at the equilibrium price. Then use the purple triangle (diamond symbols) to shade the area representing producer surplus at the equilibrium price. PRICE (Dollars per keyboard) 100 Supply CS 80 PS 60 Demand 40 20 50 100 150200 250 QUANTITY IMillions of keyboards)Hele. ceacA Total surplus in this market is Suppose the government mandates that the total number of comouter keyboards produced be less than 75 million The black line on the following graph shows the production restriction of 75 million keyboards PRICE (Dollars per keyboard 100 SupplyUnexploned

Suppose the government mandates that the total number of computer keyboards produced be less than 75 million. The black line on the following graph shows the production restriction of 75 million keyboards. PRICE (Dollars per keyboard) 100 upp Unexploited Gains 80 60 Demand 40 20 50 100 150 200 250 QUANTITY |Millions of keyboards) men Corm The minimum price producers are willing to sell the 75 millionth keyboard for is keyboard, buyers are willing to pay leaves unexploited gains worth . For that 75 millionth . Therefore, not producing and selling that 75 millionth keyboard On the preceding graph, use the red triangle (cross symbols) to shade the area representing total unexploited gains due to the government regulation. At any quantity below the equilibrium quantity, there are the equilibrium quantity, there are Similarly, at any quantity above

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60 1500 + Ч500 6000 7o 60 are willing to sell Vermem evenHe

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