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economic 201

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February 19th, 2023

Abdullah loves donuts. The table below reflects the value Abdullah places on each donut he eats:value of first donut $0.60value of second donut $0.50value of therd donut $0.40value of fourth donut $0.30value of fifth donut $0.20value of six dnut $0.10Use this information to construct Abdullah’s demand curve for donuts.If the price of donuts is $0.20, how many donuts will Abdullah buy?Show Abdullah’s consumer surplus on your graph. How much consumer surplus would he hasat a price of $0.20?If the price of donuts rose to $0.40, how many donuts would he purchase now? What wouldhappen to Abdullah’s consumer surplus? Show this change on your graph.

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