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6. Consumer surplus and price changes The following graph shows the demand curve for a group of students in the market for graphing calculators. Each
6. Consumer surplus and price changes The following graph shows the demand curve for a group of students in the market for graphing calculators. Each student wants only one calculator. Assume that if an individual has a willingness to pay just equal to the market price, they will make the purchase. 0 1 2 3 4 5 6 420 350 280 210 140 70 0 PRICE (Dollars per calculator) QUANTITY (Calculator) A B Andrew Beth Darnell Eleanor Jacques Kyoko Region A (the green shaded area) represents total consumer surplus when the market price is $ , while region B (the grey shaded area) represents when the market price . Complete the following table by indicating which statements are true or false based on the information provided on the previous graph. Statement True False Assuming each student receives a positive surplus, Darnell will always receive less consumer surplus than Eleanor. Consumer surplus is larger when the price is $210 than when it is $280. There are more students buying calculators in this market when the market price is $210 than when it is $280. In order for Jacques to earn a consumer surplus of exactly $105 from buying a graphing calculator
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