Question: Step 2 Assignment: After the Step 1 deadline, I will give you the cost of the TV. Based on the price that you chose, submit

Step 2 Assignment: After the Step 1 deadline, I will give you the cost of the TV. Based on the price that you chose, submit the dollar amount of your consumer surplus. Be sure to include the demand curve drawn utilizing your classmates price submissions to the Step 1 Discussion Board.

(Your Class Step 1 Maximum Price Actual Price Consumer Surplus. Discussion #1) willing to Pay (Equilibrium Price or Step 2: Consumer Market Price) Surplus Calculations You can select several Assume that the actual prices from the price for this TV: Maximum Price willing to discussion board. This is just an 5399.99 Pay - Actual Price = example. See the Consumer Surplus discussion for your class. Student #1 $300 $399.99 (300-399.99)=$ Student #2 $350 $399.99 (350-399.99)= $ Student #3 $600 $399.99 (600- 399.99 )=$ Student #4 $899 $399.99 899-399.99 =$ Student #6 $300 $399.99 (300-399.99 Student #7 $400 $399.99 400-399.99 =$ Student #8 $350 $399.99 350- 399.99 )=S. Student #9 $400 $399.99 (400- 399.99 =$ Student #3 $679 $399.99 (679-399.99 =$ Student #10 (yourself) $320 $399.99 (320 399.99 ES

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