Question

Table 4-2
ConsumerWillingness to Pay
Anya$24
Basil20
Celeste15
Dralon12
Esther7

Refer to Table 4-2. The table above lists the highest prices five consumers are willing to pay for a theater ticket. If the price of one of the tickets is $10
A) everyone will buy a ticket except for Esther.
B) only Anya and Basil will buy tickets.
C) Celeste's consumer surplus is $25.
D) the total consumer surplus from the purchase of tickets will be $61.

Answer

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