Determine the amount of consumer surplus generated in each of the following situations. a. Paul goes to the clothing store to buy a new T-shirt, for which he is willing to pay up to $10. He picks out...

Determine the amount of consumer surplus generated in

each of the following situations.

a. Paul goes to the clothing store to buy a new T-shirt, for

which he is willing to pay up to $10. He picks out one he

likes with a price tag of exactly $10. At the cash register, he

is told that his T-shirt is on sale for half the posted price.

b. Robin goes to the CD store hoping to find a used copy of

the Eagles Greatest Hits for up to $10. The store has one

copy selling for $10.

c. After soccer practice, Phil is willing to pay $2 for a bottle

of mineral water. The 7-Eleven sells mineral water for

$2.25 per bottle.