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18 6. If the daily demand curve for gasoline is as provided in the following graph, then how much consumer surplus would consumers receive if

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18 6. If the daily demand curve for gasoline is as provided in the following graph, then how much consumer surplus would consumers receive if the market price for gasoline was $3.50 per gallon? What about for a price of $2.50 per gallon? Price ($ per gallon) $6.00 $3.50 $2.50 Demand 0 40 120 200 280 360 440 Quantity of gasoline (millions of gallons) Stevenson/Wolfers, Principles of Economics, le, . 2020 Worth Publishers Hint: you get to use the tasty formula for the area of a triangle now. Put your answers here. What does this say about consumer welfare if the supply of gasoline increases? PP. 162-163 of your textbook in 7.2, or p. 4 of my notes have examples of how to calculate this. (4 points)

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