Question

If the price of an ice-cream cone falls to $3, the consumer surplus of alexis, bruno, and camila increases by:.

Answer 1

The consumer surplus of Alexis, Bruno, and Camila increases by  $7.

What is consumer surplus?

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

Initial consumer surplus = ($12 - $6) + ($8 - $6) = $8

New consumer surplus = ($12 - $3) + ($8 - $3) + ($4 - $3) = $15

Change in consumer surplus = $15 - $8 = $7

Here is information on the question:

Alexis is willing to pay $12, Bruno is willing to pay $8; and Camila is willing to pay $4. The market price is $6.

To learn more about consumer surplus, please check: brainly.com/question/25816093