Suppose Tim is willing to pay a total of

$210,000

for a loft house.\ True or False: Keeping his maximum willingness to pay for a loft house in mind, Tim will not buy the loft house because it would be worth less to him\ than its market price of

$280,000

.\ True\ False

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. Suppose Tim is willing to pay a total of $210,000 for a loft house. True or False: Keeping his maximum willingness to pay for a loft house in mind, Tim will not buy the loft house because it would be worth less to him than its market price of $280,000. True False