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Expand .Demand Supply $9.00 $8.00 $7.00 $6.00 $5.00 Price $4.00 $3.00 $2.00 $1.00 $0.00 0 10 20 30 40 50 60 70 80 90 100

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Expand .Demand Supply $9.00 $8.00 $7.00 $6.00 $5.00 Price $4.00 $3.00 $2.00 $1.00 $0.00 0 10 20 30 40 50 60 70 80 90 100 110 120 Quantity Assume that figure above depicts a market for watermelons and that the market is in equilibrium in the figure above. Total consumer surplus on all the goods bought equals to $270 $180 $90 $360

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