4. Consumer surplus for an individual and a market The following graph plots Raphael's monthly demand curve (blue line) for burrito bowls. The point denoted by A gives a point along his monthly demand curve. The market price of burrito bowls is $2.25 per bowl, given by the horizontal black line. Raphael's Monthly Demand 0 2 4 6 8 10 12 14 16 18 20 7.50 6.75 6.00 5.25 4.50 3.75 3.00 2.25 1.50 0.75 0 PRICE (Dollars per bowl) QUANTITY (burrito bowls) Demand Price A 6, 3 From the previous graph, you can tell that Raphael is willing to pay $ for his 6th burrito bowl each week. Because he has to pay only $2.25 per bowl, the consumer surplus he gains from the 6th burrito bowl is $ . Suppose the price of burrito bowls were to fall to $1.50 per bowl. At this lower price, Raphael would receive a consumer surplus of $ from the 6th burrito bowl he buys