MindTap - Cengage Learning X Course Hero X + V X -> C eng.cengage.com/staticb/ui/evo/index.html?eISBN=9780357133606&id=1834966692&snapshotld=3545333& G ABP Marvin v CENGAGE |MINDTAP Q Search this course ? My Home Homework (Ch 07) X 3. Consumer surplus for a group of consumers Courses The following graph plots the demand curve (blue line) for several consumers in the market for bluetooth speakers in Mead, a small town located in Catalog and Study Tools Colorado. The Mead market price of a bluetooth speaker is given by the horizontal black line at $60. Rental Options A-Z College Success Tips Each rectangle you can place on the following graph corresponds to a particular buyer in this market: orange (square symbols) for Alex, green (triangle symbols) for Becky, purple (diamond symbols) for Clancy, tan (dash symbols) for Eileen, and blue (circle symbols) for Hubert. Use the Career Success Tips rectangles to shade the areas representing consumer surplus for each person who is willing and able to purchase a bluetooth speaker at a market price of $60. (Note: If a person will not purchase a bluetooth speaker at the market price, indicate this by leaving his or her rectangle in its original ? Help position on the palette.) Give Feedback bongo 160 Alex 140 Alex Becky 120 100 Becky A+ Clancy PRICE (Dollars per bluetooth speaker) Market Price Clancy Eileen Hubert Eileen 20 Type here to search a P ON 52 F "(41) 9:26 AM 10/16/2023MindTap - Cengage Learning X Course Hero X + V X - C eng.cengage.com/staticb/ui/evo/index.html?eISBN=9780357133606&id=1834966692&snapshotld=3545333& G ABP Marvin v K C eng.cengage.com/staticb/ui/evo/index.html?eISBN=9780357133606&id=1834966692&snapshotld=3545333& G ABP Marvin v CENGAGE | MINDTAP Q Search this course ? My Home Homework (Ch 07) X Courses Based on the information on the previous graph, you can tell that will buy bluetooth speakers at the given market price, and total consumer surplus in this market will be $ Catalog and Study Tools Suppose the market price of a bluetooth speaker increases to $100. A-Z Rental Options 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 Career Success Tips purchase a bluetooth speaker at the new market price: orange (square symbols) for Alex, green (triangle symbols) for Becky, purple (diamond symbols) for Clancy, tan (dash symbols) for Eileen, and blue (circle symbols) for Hubert. (Note: If a person will not purchase a bluetooth speaker at ? Help the new market price, indicate this by leaving his or her rectangle in its original position on the palette. ) Give Feedback (? bongo 160 C Alex 140 Alex 120 Becky Google Drive Market Price 100 Becky At Clancy 8 PRICE (Dollars per bluetooth speaker) 60 Clancy Eileen 4 Hubert Eileen 20 0 Type here to search a P ON 52 F 1 0 761) 9:27 AM 10/16/2023MindTap - Cengage Learning X Course Hero X + V X -> C eng.cengage.com/staticb/ui/evo/index.html?eISBN=9780357133606&id=1834966692&snapshotld=3545333& G ABP Marvin v CENGAGE | MINDTAP Q Search this course ? My Home Homework (Ch 07) X Courses purchase a bluetooth speaker at the new market price: orange (square symbols) for Alex, green (triangle symbols) for Becky, purple (diamond symbols) for Clancy, tan (dash symbols) for Eileen, and blue (circle symbols) for Hubert. (Note: If a person will not purchase a bluetooth speaker at Catalog and Study Tools the new market price, indicate this by leaving his or her rectangle in its original position on the palette.) Rental Options ? A-Z College Success Tips Career Success Tips 160 Alex 140 ? Help Alex Becky Give Feedback 120 100 Market Price Becky bongo Clancy PRICE (Dollars per bluetooth speaker) 80 60 Clancy Eileen 40 Hubert Eileen 20 A+ 0 2 Hubert QUANTITY (Bluetooth speakers) O Based on the information in the second graph, when the market price of a bluetooth speaker increases to $100, the number of consumers willing to buy a bluetooth speaker to , and total consumer surplus to $ Type here to search EH a P N 52 0 F ~ 2 0 761) 9:27 AM 10/16/2023