The price of good X (videos for example) is $10 without Amazon Prime and $8 with Prime. If the Amazon prime membership is $25 per year, should you buy Prime? Px 20 20 10 10 Price of Good X with and without Amazon Prime 8 10 12 Qx No because consumer surplus is $50 without prime and $47 with it. No because consumer surplus is $144 without Prime and $119 with Prime. Yes because consumer surplus is $72 with Prime and $50 without it. Yes because with person purchases more of Good X with Prime. What happens to total surplus at equilibrium if the supply curve shifts from P=2+Q and becomes P=4+Q while demand is unchanged of equation P = 20-Q? Total surplus rises by $17. Total surplus is unchanged. Total surplus fall by $17. Total surplus fall by $20.5. You are considering buying a monthly metro pass for the subway at $150 or paying $4 per ride (Pd). Your monthly demand curve is Pd = 60-2Qd where Qd is the number of rides per month. Given this information your consumer surplus will be $784 buying each ride & $900 with the monthly pass. $600 buying each ride & $700 with the monthly pass. $750 buying each ride & $900 with the monthly pass. $784 buying each ride & $750 with the monthly pass. The economic value created in equilibrium in the market shown below is P $10 S $6 $2 O $4. 10 20 30 40 50 60 $80. $120. $40. $160. Price ($) 15 14 13 12 11 10 S 9 8 7 654322 1 D 10 20 30 40 50 60 70 80 90 Quantity According to the graph shown, if the market goes from equilibrium to having its price set at $2 below equilibrium: The consumer surplus will be $160. Consumer surplus will rise by $30. The deadweight loss will be $120. the deadweight loss will be $90.