Question: Chapter 07 Homework 4. Consumer surplus for an individual and a market The following graph plots Ana's monthly demand curve (blue line) for burrito bowls.

 Chapter 07 Homework 4. Consumer surplus for an individual and amarket The following graph plots Ana's monthly demand curve (blue line) forburrito bowls. The point denoted by A gives a point along her

monthly demand curve. The market price of burrito bowls is $2.25 perbowl, given by the horizontal black line. Ana's Monthly Demand 7.50 6.756.00 5.25 4.50 Demand 3.75 PRICE (Dollars per bowl LL 3.00 A

Chapter 07 Homework 4. Consumer surplus for an individual and a market The following graph plots Ana's monthly demand curve (blue line) for burrito bowls. The point denoted by A gives a point along her monthly demand curve. The market price of burrito bowls is $2.25 per bowl, given by the horizontal black line. Ana's Monthly Demand 7.50 6.75 6.00 5.25 4.50 Demand 3.75 PRICE (Dollars per bowl LL 3.00 A Price 2.25 1.50 0.75 0 2 4 6 8 10 12 14 16 18 20 QUANTITY (burrito bowls) From the previous graph, you can tell that Ana is willing to pay $ for her 6th burrito bowl each week. Because she has to pay only $2.25 per 7 F11 * OO 28 LO

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