Table 7-12
The following table shows the willingness to pay for a good for the only four consumers in a market.
$$\begin{array} { | l | l | }
\hline \text { Consumer } & \text { Willingness to Pay } \
\hline \text { A } & \$ 25 \
\hline B & \$ 40 \
\hline \text { C } & \$ 15 \
\hline \text { D } & \$ 30 \
\hline
\end{array}$$
-Refer to Table 7-12. If the price of the good is $20, how much is the total consumer surplus?

Question

Table 7-12
The following table shows the willingness to pay for a good for the only four consumers in a market.
 $$\begin{array} { | l | l | } 
\hline \text { Consumer } & \text { Willingness to Pay } \
\hline \text { A } & \$ 25 \
\hline B & \$ 40 \
\hline \text { C } & \$ 15 \
\hline \text { D } & \$ 30 \
\hline
\end{array}$$
-Refer to Table 7-12. If the price of the good is $20, how much is the total consumer surplus?

Quizplus · Accepted Answer

The Answer of Table 7-12
The following table shows the willingness to pay for a good for the only four consumers in a market.
 $$\begin{array} { | l | l | } 
\hline \text { Consumer } & \text { Willingness to Pay } \
\hline \text { A } & \$ 25 \
\hline B & \$ 40 \
\hline \text { C } & \$ 15 \
\hline \text { D } & \$ 30 \
\hline
\end{array}$$
-Refer to Table 7-12. If the price of the good is $20, how much is the total consumer surplus?

Table 7-12 the Following Table Shows the Willingness to Pay

Table 7-12
the Following Table Shows the Willingness to Pay