(Solved): Suppose the graph depicts a hypothetical market for concert tickets at a local college venue. Becau ...

Suppose the graph depicts a hypothetical market for concert tickets at a local college venue. Because students are paying such high prices, a price ceiling of \( \$ 40 \) per concert is being considered. Move the price ceiling line to correctly depict the price ceiling of \( \$ 40 \). By how much does consumer surplus (CS) increase if the price ceiling is imposed?