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

question 47

Short Answer

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?

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Definitions:

Aplastic Anemia

A rare condition where the body stops producing enough new blood cells, leading to fatigue, higher risk of infections, and uncontrolled bleeding.

Iron-Deficiency Anemia

A common type of anemia caused by insufficient iron, leading to a reduced number of red blood cells and symptoms like fatigue and weakness.

Ferrous Sulfate

An iron supplement used to treat or prevent low blood levels of iron, such as those caused by anemia.

Iron-Deficiency Anemia

A common type of anemia caused by a lack of iron in the body, leading to reduced production of hemoglobin and symptoms like fatigue and weakness.