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  3. 3 consumer surplus for a group of consu the following...

Question: 3 consumer surplus for a group of consu the following...

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3. Consumer surplus for a group of consu The following graph shows the demand curve for a group of consumers in the U.S. market (blue Ine) for smartphones. The market price of a smartphone is shown by the black horizontal Ine at $120. Each rectangle you can paco on the folowig graph ตrresponds to a parttular buyer in this market omge (sean symbok, for Raj, geen (trlangle symbols) for Simone, purple (diamond symbols) for Yakoy, tan (dash symbols) for Ana, and blue (circle symbols) for Charles Use the rectangles to shade the areas representing consumer surplus for each person who is willing and able to purchase a smartphone at a market price of $120. (Note: It a person will mot purchase a smartphone at the manket price, indicate this by leaving his or her rectangle in its oniginal posion on the palette.) Simone
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