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in the context of business economics There are 6 potential consumers of computer games. Consumer 1 is willing to pay $40 for a computer game,

in the context of business economics

  1. There are 6 potential consumers of computer games. Consumer 1 is willing to pay $40 for a computer game, consumer 2 is willing to pay $35, consumer 3 is willing to pay $30, consumer 4 is willing pay $25, consumer 5 is willing to pay $20, and consumer 6 is willing to pay $15.
  2. Suppose the market price is $29. What is the total consumer surplus?
  3. The market price decreases to $19. What is the total consumer surplus now?
  4. When the price fell from $29 to $19, how much did each consumer's individual consumer
  5. surplus change?

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