9 E V 71% 'FL 6 0 Q G) R ng.cengage.com c, a i] + 33 Q Illinois state University: ECO 10... '2': MindTap - Cengage Learning u Course Hero | Make every stud... u Log In | Course Hero u Course Hero u Course Hero Dylan v a: CENGAGE I MINDTAP Q Search this course My Home Assignment 9 o X 6. Consumer surplus for a group of consumers Courses The following graph shows the demand curve for a group of consumers in the U.S. market (blue line) for tablets. The market price of a tablet is shown Catalog and Study Tools by the black horizontal line at $90. Rental Options Each rectangle you can place on the following graph corresponds to a particular buyer in this market: orange (square symbols) for Dmitri, green College Success Tips (triangle symbols) for Frances, purple (diamond symbols) for Jake, tan (dash symbols) for Latasha, and blue (circle symbols) for Nick. 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 $90. Career Success TiPS (Note: If a person will not purchase a tablet at the market price, indicate this by leaving his or her rectangle in its original position on the palette.) 240 r I 1 Dmitri Think Before You Drop! The 2 0 . ' Dmltn Consequences of... 180 . A 5 H a 150 9 Help :3 Frances 3. J 2 ake H m 120 J Give Feedback 3 \"Q; 90 Market Price Jake Q n: n. so I Latasha so I 0 I I u l 0 1 2 3 4 5 6 7 8 Nick QUANTITY (Tablets) 9 E V 71% 'FL 6 0 Q G) R ng.cengage.com c, a i] + 33 Q Illinois state University: ECO 10... '2': MindTap - Cengage Learning u Course Hero | Make every stud... u Log In | Course Hero u Course Hero u Course Hero Dylan v a: CENGAGE I MINDTAP Q Search this course My Home Assignment 9 o X courses 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 he 3 Catalog and Study Tools ' ' ' 150. Rental Options Suppose the market price of a tablet Increases to $ College Success Tips On the following graph, use the rectangles once again to shade the areas representing consumer surplus for each person who is willing and able to purchase a tablet at the new market price: orange (square symbols) for Dmitri, green (triangle symbols) for Frances, purple (diamond symbols) for Career Success Ti 5 P Jake, tan (dash symbols) for Latasha, and blue (circle symbols) for Nick. (Note: If a person will not purchase a tablet at the new market price, indicate this by leaving his or her rectangle in its original position on the palette.) 24:) Think Before You Drop! The M Consequences of... 21a Dmlm . Dmitri Frances Hel 5' 9 P 39 Market Prioe 4} '50 Frances J Give Feedback 3. E 120 H T: e m so Jake 9 i: D. 50 i Latasha 30 o o 1 2 3 4 5 s 7 8 Nick QUANTITY (Tablets) v > h G ng.cengage.com C) + 88 Illinois State University : ECO 10... Mind Tap - Cengage Learning Course Hero | Make every stud... Log In | Course Hero Course Hero Course Hero Dylan v K