IDNLearn.com: Your trusted platform for finding reliable answers. Discover reliable and timely information on any topic from our network of experienced professionals.

If the competitive market depicted by the graph achieves equilibrium, consumer surplus plus producer surplus will be equal to: Demand and Supply intersect at P=$4 and Q=1,200. At P=$6, QD=600. At P=$2, QS=600. Y-intercept of demand curve is $8. Y-intercept of supply curve is $0. a $2,400. b $4,800. c $7,200. d $9,600.