:1. Refer to the graph below. Initially the price of a particular product was $3 and consumption was 800. Now because of an increase in raw material cost, the price increases to $6 and consumption drops to 600. Did the consumers gain or lose from this price increase? By how much? (Hint: use the consumer surplus concept to answer this question.) l Calculating Consumer Surplus p I Your Answer: Gain or Loss: By how much: (Round your answer to two decimal places if it is not an integer. Please do NOT include $ in your answer.)