Consider the market for eggs illustrated in the figure to the right. Suppose the market is perfectly competitive and initially in equilibrium at a price of 5 cents and a quantity of 50 (thousand). Part 2 If the price were 7 cents instead of 5 cents, then consumer surplus would be?

S A B Price of eggs (in cents) E 5 F C 3 D D 30 50 Quantity of eggs (in thousands)