This Table Refers to Five Possible Buyers' Willingness to Pay

question 12

Multiple Choice

This table refers to five possible buyers' willingness to pay for a take-away meal. ?
$\begin{array}{|l|l|}\hline \text { Buyer } & \begin{array}{l}\text { Willingness To } \\\text { Pay }\end{array} \\\hline \text { David } & € 8.50 \\\hline \text { Laura } & € 7.00 \\\hline \text { Megan } & € 5.50 \\\hline \text { Mallory } & € 4.00 \\\hline \text { Audrey } & € 3.50 \\\hline\end{array}$
?
Refer to the table above. If the market price is €3.80,
?

• A) David's consumer surplus is €4.70 and total consumer surplus for the five individuals is €9.50.
• B) Megan's consumer surplus is €1.70 and total consumer surplus for the five individuals is €9.60.
• C) David, Laura, and Megan will be the only buyers of a take-away meal.
• D) the demand curve for the take-away meal, taking the five individuals into account, is horizontal.

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Definitions:

Implied Warranty of Habitability

This is a legal doctrine that implies residential rental properties meet basic living and safety standards.

Doctrine of Constructive Eviction

A legal concept where a tenant is essentially forced to leave their rental property because the landlord has failed to keep the premises livable.

Vacate the Premises

To leave a property, making it available for others to occupy or use.

Make Repairs

The process of fixing or restoring something to its original state or to working condition.