Table 7-3
The only four consumers in a market have the following willingness to pay for a good:
-Refer to Table 7-3. Who experiences the largest loss of consumer surplus when the price of the good increases from $20 to $22?
A)Quilana
B)Wilbur
C)Ming-la
D)All three buyers experience the same loss of consumer surplus.

Question

Table 7-3
The only four consumers in a market have the following willingness to pay for a good: 
-Refer to Table 7-3. Who experiences the largest loss of consumer surplus when the price of the good increases from $20 to $22?
A)Quilana 
B)Wilbur 
C)Ming-la 
D)All three buyers experience the same loss of consumer surplus.

Quizplus · Accepted Answer

The Answer of Table 7-3
The only four consumers in a market have the following willingness to pay for a good: 
-Refer to Table 7-3. Who experiences the largest loss of consumer surplus when the price of the good increases from $20 to $22?
A)Quilana 
B)Wilbur 
C)Ming-la 
D)All three buyers experience the same loss of consumer surplus.

Table 7-3 The Only Four Consumers in a Market Have the Following