(Solved): Move the point, E, in the accompanying graph to reflect equilibrium in the competitive market for ...

Move the point, E, in the accompanying graph to reflect equilibrium in the competitive market for corn and answer the following questions. Calculate consumer surplus (CS). CS = $ Calculate producer surplus (PS). PS = $ 10 9 8 Price ($/bushel) A 6 5 3 2 0 0 1 Market for Corn E 2 5 6 7 3 4 Quantity (thousands of bushels) [r] D 8 S 9 10