ADVANCED ANALYSIS Assume the following values for Figures 4.4a and 4.4b. Q1 = 20 bags. Q2 = 15 bags. Q3 = 27 bags. The market equilibrium price is $55 per bag. The price at a is $95 per bag. The price at c is $5 per bag. The price at d is $59 per bag. The price at e is $31 per bag. Apply the formula for the area of a triangle (Area = ½ x Base x Height) to answer the following questions.
What is the area of the triangle shaded in blue?