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Table 4-F
the Schedule Below Represents the Willingness of a Typical

Question 195

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Table 4-F
The schedule below represents the willingness of a typical consumer to pay for wine in a year. Suppose there are 10,000 identical consumers in the community.
 Price Per  bottles of Wine Consumed  Bottle of Wine  Per Year $5014402$303$204$105\begin{array} { c c } \text { Price Per } & \text { bottles of Wine Consumed } \\\text { Bottle of Wine } & \text { Per Year } \\\$ 50 & 1 \\440 & 2 \\\$ 30 & 3 \\\$ 20 & 4 \\\$ 10 & 5\end{array}
-Refer to Table 4-F.If the market price of wine is $20, the total consumer surplus for the community equals:


A) $20,000.
B) $30,000.
C) $50,000.
D) $60,000.
E) $80,000.

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