In a competitive market, the actions of any single buyer or seller will adversely affect the profitability of more than one firm in the market have a negligible impact on the market price cause a noticeable change in overall production and a change in final product price have little effect on overall production but will ultimately change final product price

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

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A: The consumer is an individual that buys the products and services from the seller in the market.

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A: The supply curve will shift to the left whenever there is an increase in the cost of production.

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