Consider the information given in the table on four consumers in the market for orange juice.

_____________________________ Highest Price

Consumer ____________________ Willing to Pay

Jill .................................................. $4

Jose .................................................. 3

Josh .................................................. 2

Jordan ............................................... 1

a. If the price of a bottle of orange juice is $0.75, what is the total consumer surplus received by these consumers? Illustrate your answer with a graph.

b. Suppose the price of a bottle of orange juice rises to $1.50. Now what is the consumer surplus received by these consumers? Illustrate your answer using the graph you prepared in part (a).