The following graph shows Alyssa's weekly demand for pizza, represented by the blue line. Point A represents a point along her weekly demand curve. The market price of pizza is $3.00 per slice, as...

Extracted text: The following graph shows Alyssa's weekly demand for pizza, represented by the blue line. Point A represents a point along her weekly demand curve. The market price of pizza is $3.00 per slice, as shown by the horizontal black line. Alyssa's Weekly Demand 7.50 6.75 6.00 5.25 Demand 4.50 А 3.75 Price 3.00 2.25 1.50 0.75 4 6 8 10 12 16 18 QUANTITY (Slices of pizza) for her 8th slice of pizza each week. Because she has to pay only $3.00 From the previous graph, you can tell that Alyssa is willing to pay $ per slice, the consumer surplus she gains from the 8th slice of pizza is $ 20 14 PRICE (Dollars per slice)


Extracted text: Suppose the price of pizza were to fall to $2.25 per slice. At this lower price, Alyssa would receive a consumer surplus of $ from the 8th slice of pizza she buys. The following graph shows the weekly market demand for pizza in a small economy. Use the purple point (diamond symbol) to shade the area representing consumer surplus when the price (P) of pizza is $3.00 per slice. Then, use the green point (triangle symbol) to shade the area representing additional consumer surplus when the price falls to $2.25 per slice. Small Economy's Weekly Demand 7.50 6.75 6.00 Initial Consumer Surplus (P = $3.00) 5.25 Demand A 4.50 Additional Consumer Surplus (P = $2.25) 3.75 P $3.00 3.00 2.25 P = $2.25 1.50 0.75 20 40 60 80 100 120 140 160 180 200 QUANTITY (Thousands of slices of pizza) PRICE (Dollars per slice)