-The figure above shows Clara's demand for CDs. If the price of a CD is $15, then Clara
A) will buy no CDs.
B) receives a total of $40 of consumer surplus.
C) receives no consumer surplus on the 6th CD she buys.
D) receives a total of $10 of consumer surplus.

Question

-The figure above shows Clara's demand for CDs. If the price of a CD is $15, then Clara
A) will buy no CDs. 
B) receives a total of $40 of consumer surplus. 
C) receives no consumer surplus on the 6th CD she buys. 
D) receives a total of $10 of consumer surplus.

Quizplus · Accepted Answer

Consumer surplus is the difference between what Clara is willing to pay and what she actually pays. If she buys the 6th CD at $15, and her willingness to pay for that CD is also $15, then she receives no consumer surplus on that CD.

-The Figure Above Shows Clara's Demand for CDs