Use the following diagram to calculate total consumer surplus at a price of $8 and production of 6 million meals per day. For the same equilibrium, calculate total producer surplus. Assuming price remained at $8 but production was cut to 3 million meals per day, calculate producer surplus and consumer surplus. Calculate the deadweight loss from underproduction.
![1818_30c15a7c-3b2b-450c-bbb7-b348753863e8.png](https://secure.tutorsglobe.com/CMSImages/1818_30c15a7c-3b2b-450c-bbb7-b348753863e8.png)