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2. When the market is at equilibrium, how much consumer surplus does an individual that is willing to pay no more than $10 for a
2. When the market is at equilibrium, how much consumer surplus does an individual that is willing to pay no more than $10 for a private shuttle receive? Explain. 3. How much total consumer surplus do all the buyers receive when the market is at equilibrium? Show your work. 4. If one shuttle provider is willing to drive to the resort for $20, how much producer surplus does this individual shuttle driver receive when the market is at equilibrium? Show your work. 5. At equilibrium, how much total producer surplus do all the sellers receive? Show your work. 6. Assume the resort begins to subsidize shuttles and offer the service for only $10. How much total consumer surplus do all the buyers receive? Show your work
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