Extracted text: gilal cameras) decreases increases Based on the i | the second graph, when the market price of a digital camera increases to $250, the number of consumers willing to buy a digital camera , and total consumer surplus to s to Edinon Crystal 50 one consumer two consumers 2 3 QUANTITY ( three consumers 1 7 Edison four consumers five consumers Based on the information in the se digital camera he market price of a digital camera increases to $250, the number of consumers willing to buy a , and total consumer surplus to to $ decreases increases Based on the information in the second graph, when the market price of a digital camera , and total consumer surplus $250, the number of consumers willing to buy a digital camera to to $
Extracted text: 13. Consumer surplus for a group of consumers Based on the information on the previous graph, you can tell that will buy digital cameras at the given market price, and total The following graph shows the demand curve for a group of consumers in the U.S. market (blue line) for digital cameras. The market price of a digital consumer surplus in this market will be $ camera is shown by the black horizontal line at $150. one consumer Suppose the market price of a digital camera increases to $250. two consumers Each rectangle you can place on the following graph corresponds to a particular buyer in this market: orange (square symbols) for Tim, green three consumers (triangle symbols) for Alyssa, purple (diamond symbols) for Brian, tan (dash symbols) for Crystal, and blue (circle symbols) for Edison. Use the On the following graph, use the rectangles once again to shade th consumer surplus for each person who is willing and able to four consumers rectangles to shade the areas representing consumer surplus for each person who is willing and able to purchase a digital camera at a market price of purchase a digital camera at the new market price: orange (squar green (triangle symbols) for Alyssa, purple (diamond symbols) $150. (Note: If a person will not purchase a digital camera at the market price, indicate this by leaving his or her rectangle in its original position on for Brian, tan (dash symbols) for Crystal, and blue (circle symbols five consumers If a person will not purchase a digital camera at the new the palette.) market price, indicate this by leaving his or her rectangle in its original posiTIon on the palette.) Hint: You can view the area of a rectangle by clicking the rectangle after you have plotted it. 400 Tim 350 400 Tim Alyssa Tim 300 350 Tim Alyssa Market Price 250 300 Alyssa Brian 250 Alyssa Brian Brian 150 8 200 Crystal 100 Market Price Brian 150 Edison Crystal Crystal 50 100 Edison Crystal 3 5 7 8 Edison 50 QUANTITY (Digital cameras) 2 5 6 7 Edison QUANTITY (Digital cameras)