(Answered) Name:USC ID:(iii) Fill in the table below with the appropriate lettered graph.(4 points)Hint: There…

Name:USC ID:(iii) Fill in the table below with the appropriate lettered graph.(4 points) Hint: There is emetly one sruph for each answer.
Rewomen made by the tea company when they charge the market equilibrium price.
The money saved by consumers if they are able to buy at a price below market equilitarium.
The profit made by a supplier if they sel at a price that is higher than market equilibrium.
The money spent by the consumers if they always buy at the maximum price they can tolerate.
7 Consumer/producer surplus [12 points]
The supply p3(q) and demand p3(q) of a brand of luxury tea is given below where p is the price in dollars per box of tenbags and q is the quantity of booes in hundreds:
pi(q)=2q 15, p(q)=150q 1
You may use without justification that market equilibrium is (q**,p**)=(5,25).
(i) Find producer sumples at explibletiem. (4 points)
(ii) Find consumer surplus at equilibrium. (4 points)