16.) The graph represents the weekly demand and supply for the game console market. a. What is the equilibrium price and quantity?

16.) 

The graph represents the weekly demand and supply for the game console market. 

a. What is the equilibrium price and quantity?

     Price: $                    

     Quantity:   game consoles

b. How much consumer surplus is generated each week?

    Instructions: Use the tool provided 'CS' to illustrate this area on the graph.

     Consumer surplus: $