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Suppose the market price of a VR headset increases to $300. On the following graph, use the rectangles once again to shade the areas representing
Suppose the market price of a VR headset increases to $300. 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 purchase a VR headset at the new market price: orange (square symbols) for Manuel, green (triangle symbols) for Poornima, purple (diamond symbols) for Shen, tan (dash symbols) for Valerie, and blue (circle symbols) for Antonio. (Note: If a person will not purchase a VR headset at the new market price, indicate this by leaving his or her rectangle in its original position on the palette.) 480 Manuel 420 Manuel Poornima 360 Market Price 300 Poornima Shen PRICE (Dollars per VR headset) 240 Shen 180 Valerie 120 Valerie Antonio 2 3 5 7 Antonio QUANTITY (VR headsets) Based on the information in the second graph, when the market price of a VR headset increases to $300, the number of consumers willing to buy a VR headset to and total consumer surplus to $The following graph plots the demand curve (blue line) for several consumers in the market for VR headsets in Meadville, a small town located in Pennsylvania. The Meadville market price of a VR headset is given by the horizontal black line at $180. Each rectangle you can place on the following graph corresponds to a particular buyer in this market: orange (square symbols) for Manuel, green (triangle symbols) for Poornima, purple (diamond symbols) for Shen, tan (dash symbols) for Valerie, and blue (circle symbols) for Antonio. Use the rectangles to shade the areas representing consumer surplus for each person who is willing and able to purchase a VR headset at a market price of $180. (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.) 480 Manuel 420 Manuel Poornima 380 800 Poornima Shen PRICE (Dollars per VR headset) 240 Market Price Shen 80 Valerie 120 Valerie 30 Antonio 2 3 6 7 Antonio QUANTITY (VR headsets) Based on the information on the previous graph, you can tell that will buy VR headsets at the given market price, and total consumer surplus in this market will be $ Suppose the market price of a VR headset increases to $300
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