Consumer Surplus (CS): The consumer surplus is given by the area above the price and below the demand curve. The maximum price consumers are willing to pay when Q = 0 Q=0: 300 50 p = 0 50 p = 300 p = 6 30050p=050p=300p=6 Therefore, the consumer surplus can be calculated using the formula for the area of a triangle: C S = 1 2 base height = 1 2 150 ( 6 3 ) = 1 2 150 3 = 225 CS= 2 1 baseheight= 2 1 150(63)= 2 1 1503=225 can u define each variable first p,s