Task 2: Consumer surplus at the 2001 price and quantity Using the demand curve you estimated in task I, calculate consumer surplus when the price of cotton is $0.42 per pound and the quantity purchased is 73 million bales per year. Hint #1: To guide your calculations, draw a careful picture of the demand curve! Hint #2: Your Q is in millions of bales per year and your price measure is in $ per pound. When you compute the consumer surplus \"triangle,\" you will want to convert \"millions of bales per year\" into \"millions of pounds per year\" by multiplying your Q by the conversion factor, 480 pounds per bale