Use the numbers for the alcohol and tobacco category from Table 5.2 to draw a figure that illustrates the roles that the revenue and the elasticity of demand play in determining the loss of consumer surplus due to an increase in price. Indicate how the various areas of your figure correspond to the equation derived in footnote 8?
Table 5.2: The Effect of a 10% Price Increase on Consumer Surplus
(Revenue and Consumer Surplus in Billions of 2008 Dollars)

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Change in Consumer Surplus, ACS Elasticity of Demand, ɛ Revenue Medical 1,554 -151 -0.604 Housing 1,543 -0.633 -149 Food 669 -0.245 -66 Clothing -33 338 -0.405 Transportation 301 -0.461 -29 Utilities 308 -0.448 -30 Alcohol & tobacco 192 -0.162 -19