3. Consumer surplus for a group of consumers The following graph plots the demand curve (blue line) for several consumers in the market for motor scooters in Meade, a small town located in Kansas. The Meade market price of a motor scooter is given by the horizontal black line at $60. Each rectangle you can place on the following graph corresponds to a particular buyer in this market: orange (square symbols) for Jake, green (triangle symbols) for Latasha, purple (diamond symbols) for Nick, tan (dash symbols) for Rosa, and blue (circle symbols) for Tim. Use the rectangles to shade the areas representing consumer surplus for each person who is willing and able to purchase a motor scooter at a market price of s60. (Note: If a person will not purchase a motor scooter at the market price, indicate this by leaving his or her rectangle in its oniginal position on the palette.) Based on the information on the previous graph, you can tell that will buy motor scooters at the given market price, and total consumer surplus in this market will be Suppose the market price of a motor scooter increases to $100.
Suppose the market price of a motor scooter increases to $100. On the following graph, use the rectangles once again to shade the areas representing consumer surplus for each person who is willing and able to purchase a motor scooter at the new market price: orange (square symbols) for Jake, green (triangle symbols) for Latasha, purple (diamond symbols) for Nick, tan (dash symbols) for Rosa, and blue (circle symbols) for Tim. (Note: If a person will not purchase a motor scooter at the new market price, indicate this by leaving his or her rectangle in its original position on the palette.) Based on the information in the second graph, when the market price of a motor scooter increases to $100, the number of consumers willing to buy a motor scooter to , and total consumer surplus to