Producer surplus of the rice market Explain the diagram in the image, Please answer max in 30-45 minutes about microeconomics thank u and no reject

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A: Equilibrium price= $5 Equilibrium quantity= 150

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A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

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A: Answer is given below

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A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

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A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

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A: The correct answer is given in the second step.

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A: Gross domestic product is the total market value of goods produced domestically during the year.