Consider the market for Sri Lankan peacock feathers. Lillian has a willingness to pay of $44, for Ian it is $37 and for Gregorio it is $52.50. If the market price is currently $39.50, then the total consumer surplus in this market is $16 $17.50 $20 $21.50 Consider the market for a gyro, for lunch. Double Gyro Shop has a cost of $2.45, for Zeus' Shop, it is $3.33, for Island Shop it is $2.19 and finally, for Andros' Gyro Shop it is $3.95. In this case if the market price for a gyro is $2.55, the quantity supplied is _____ and the total producer surplus is Consider a market for a product with 4 consumers, A, B, C and D. A has willingness to pay of $15, for B it is $21, for C it is $19 and for D it is $16. If the market price drops from $17 to $15.50, what is the change in total consumer surplus? rises by $2.75 rises by $2.85 rises by $3.15 rises by $3.5 Demand for a new drink, ClubZero is given by the demand curve 0 = 10 P, were 0 is quantity demanded and P is the drink's price. If the market price is currently $7, the quantity demanded is _____ and the resulting consumer surplus is _____ . 7; $3.75 7; $4.50 3; $4.50 3; $3.75