Q3. Microeconomics

3. Consumer surplus [or a group of consumers The following graph plots the demand curve [blue line) for several consumers in the market for VR headsets in Mead, a small town located in Colorado. The Head market price of a UR headset is given by the horizontal black line at $30. Each rectangle you can place on the following graph corresponds to a particular buyer in this market: orange (square symbols) for Antonio, green {triangle symbols) For Caroline, purple (diamond symbols) for Dmitri, tan (dash symbols) for Frances, and blue (circle symbols) For Jake. Use the rectangles to shade the areas representing consumer surplus for each person who ls willing ancl able to purchase a HR headset at a market price of .530. (Note: If a person will not purchase a VR headset at the market price, indicate this by leaving his or her rectangle in its original position on the palette.) lEl MEI lit] lEl 8|] ll] 40 PRICE (Dollars per VP headset) 2|] Antonio Drn ill'i Market Price l l D l 2 3 4 5 5 T B QUANTITY (VP. headsets) Based on the information on the previous graph, you can tell that consumer surplus in this market will be . Suppose the market price of a VR headset decreases to 540. M Antonio Caroline H Drnilri Frances M J aka (9 V will buy VR headsets at the given market price, and total