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3. Consumer surplus for a group of consumers The following graph shows the demand curve for a group of consumers in the U.S. market (blue
3. Consumer surplus for a group of consumers The following graph shows the demand curve for a group of consumers in the U.S. market (blue line) for tablets. 111e market price of a tablet is shown by the black horizontal line at $120. Each rectangle you oan place on the following graph corresponds to a particular buyer in this market: orange {square symbols) for Carlos, green (triangle symbols) for Deborah, purple {diamond symbols) ForFelix, tan {dash symbols) ForJ'anet, and blue (circle symbols) For Larry. Use the rectangles to shade the areas representing consumer surplus for each person who is willing and able to purchase a tablet at a market price of $120. (Note: It'a person will not purchase a tablet at the market price, indicate this by leaving his orher rectangle in its original position on the palette.) 210 I 210 Carlos 180 I Felix 150 Deborah Market Plioe PRICE (Dollars portablo't) 120 H on Feix m, i Janet 3D D l l D 1 2 3 4 5 6 F 3 Larry QUANTITY {Tablets} Based on the information on the previous graph, you can tell that V will buy tablets at the given market price, and total consumer surplus in this market will be . Suppose the market price of a tablet decreases to $60.
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