$10 DMilk: Q = 40 - 4P P. price of milk DMilk 28 Q. gallons of milk 4 The figure above gives price of milk on the vertical axis and quantities demanded of milk on the horizontal axis. A straight line demand curve joining price of $10 and quantity demanded of 40 gallons is also drawn. Initially the price of milk was two dollars a gallon but later it went up to three dollars a gallon. Check which of the following statements is correct. Initially, the consumer surplus was 160 but following price increase it went down to 140. O Initially, the consumer surplus was eight dollars but following price increase is decreased to seven dollars. O Initially, the consumer surplus was 128 but following price increase it went down to 98. Initially the consumer surplus was 64, but following price increase it increase to 84