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please tell me how to fill in the table and answer all the questions below vity section T: 817.225.6112 oftiles.com nors section soPoro 3 Texas

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please tell me how to fill in the table and answer all the questions below

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vity section T: 817.225.6112 oftiles.com nors section soPoro 3 Texas 2. Consumer Surplus Consider the following table which shows 5 individuals' willingness to pay for concert tickets. If the price of a ticket is $75, calculate consumer surplus for each individual. Potential Buyer Willingness to Pay Price Paid Consumer Surplus Trevor $50 Sarah $150 Martin $75 Freddy $60 Rashawn $120 1. What is quantity of tickets demanded at a price of $75? (1 point) 2. Fill in the consumer surplus for each individual in the table. (1 point) 3. If Trevor, Sarah, Martin, Freddy, and Rashawn are the only consumers in the market, how much is total consumer surplus? Show your work. (2 points) 4. What is the quantity of tickets demanded and total consumer surplus if the price of tickets decreases to $50? Show your work. (2 points)2. Consumer Surplus Consider the following table which shows 5 individuals' willingness to pay for concert tickets. If the price of a ticket is $75, calculate consumer surplus for each individual. Potential Buyer Willingness to Pay Price Paid Consumer Surplus Trevor $50 Sarah $150 Martin $75 Freddy 560 Rashawn $120 1. What is quantity of tickets demanded at a price of $75? (1 point) 2. Fill in the consumer surplus for each individual in the table. (1 point) 3. If Trevor, Sarah, Martin, Freddy, and Rashawn are the only consumers in the market, how much is total consumer surplus? Show your work. (2 points) 4. What is the quantity of tickets demanded and total consumer surplus if the price of tickets decreases to $50? Show your work. (2 points)

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