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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