Now, suppose another buyer, Rosa, enters the market for electric vehicles, and her willingness to pay is $120,000. Based on Rosa's and Nick's respective willingness to pay, plot the market demand curve on the following graph using the blue points (circle symbol). Next, shade Nick's consumer surplus using the green rectangle (triangle symbols), and shade Rosa's consumer surplus using the purple rectangle (diamond symbols). Note: Plot your points as a step function in the order in which you would like them connected. Line segments will connect the points automatically. 320 O 280 Demand Curve 240 200 Nick's Consumer Surplus PRICE (Thousands of dollars) 180 Rosa's Consumer Surplus 120 Market Price 40 0 2 QUANTITY (Electric vehicles) Suppose Tim is willing to pay a total of $40,000 for an electric vehicle. True or False: Keeping his maximum willingness to pay for an electric vehicle in mind, Tim will not buy the electric vehicle because it would be worth less to him than its market price of $80,000. True O FalseConsider the market for electric vehicles. The market price of each electric vehicle is $80,000, and each consumer demands no more than one electric vehicle. Suppose that Nick is the only consumer in the electric vehicle market. Their willingness to pay for an electric vehicle is $200,000. Based on Nick's willingness to pay, the following graph shows his demand curve for electric vehicles. Shade the area representing Nick's consumer surplus using the green rectangle (triangle symbols). (?) 320 280 Nick's Consumer Surplus 240 Nick's Demand 200 80 PRICE (Thousands of dollars) 20 Market Price 80 40 0 2 QUANTITY (Electric vehicles) Now, suppose another buyer, Rosa, enters the market for electric vehicles, and her willingness to pay is $120,000. Based on Rosa's and Nick's respective willingness to pay, plot the market demand curve on the following graph using the blue points (circle symbol). Next, shade Nick's consumer surplus using the green rectangle (triangle symbols), and shade Rosa's consumer surplus using the purple rectangle diamond symbols)