Question: need help? Attempts Keep the Highest 1 / 3 2. Individual demand and consumer surplus Consider the market for antique cars. The market price of

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need help? Attempts Keep the Highest 1 / 3 2. Individual demand

Attempts Keep the Highest 1 / 3 2. Individual demand and consumer surplus Consider the market for antique cars. The market price of each antique car is $105,000, and each buyer demands no more than one antique car. Suppose that Charles is the only consumer in the antique car market. His willingness to pay for an antique car is $210,000. Based on Charles's willingness to pay, the following graph shows his demand curve for antique cars. Shade the area representing Charles's consumer surplus using the green rectangle (triangle symbols). 280 245 Charles's Consumer Surplus Charles's Demand 210 4 175 140 PRICE (Thousands of dollars) Market Price

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