The graph shows the demand curve for ice cream cones and the market price of a ice cream cone. If demand doubles, how does consumer surplus change? If demand doubles, consumer surplus by 4.00- 3.00- 2.00- 1.00- SIDI Price (dollars per ice cream cone) 10 0.00+ 0 10 10 20 30 8800 D 40 40 50 Quantity (ice cream cones per day) Market price 60 60 70 10
The graph shows the demand curve for ice cream cones and the market price of a ice cream cone. If demand doubles, how does consumer surplus change? If demand doubles, consumer surplus by 4.00- 3.00- 2.00- 1.00- SIDI Price (dollars per ice cream cone) 10 0.00+ 0 10 10 20 30 8800 D 40 40 50 Quantity (ice cream cones per day) Market price 60 60 70 10
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Give correct typing answer with explanation

Transcribed Image Text:The graph shows the demand curve for ice cream cones and the market price of a
ice cream cone.
If demand doubles, how does consumer surplus change?
If demand doubles, consumer surplus
by
4.00-
3.00-
2.00-
1.00-
SIDI
Price (dollars per ice cream cone)
10
0.00+
0
10
10
20
30
8800
D
40
40
50
Quantity (ice cream cones per day)
Market
price
60
60
70
10
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