Table 7-2
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​ -Refer to Table 7-2

question 108

Multiple Choice

Table 7-2
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$$\begin{array} { | c | c | } \hline \text { Buyer } & \begin{array} { c } \text { Willingness to Pay } \\\text { (Dollars) }\end{array} \\\hline \text { Carlos } & 20 \\\hline \text { Keira } & 24 \\\hline \text { Ava } & 28 \\\hline \text { Biyu } & 36 \\\hline\end{array}$$
-Refer to Table 7-2. If the price is $22, then consumer surplus in the market is

• A)$44, and Ava and Biyu purchase the good.
• B)$72, and Carlos and Keira purchase the good.
• C)$22, and Keira, Ava, and Biyu purchase the good.
• D)$48, and Carlos, Keira, Ava, and Biyu purchase the good.

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Definitions:

Landscape Management

The practice of designing, implementing, and maintaining outdoor environments to ensure they are sustainable, functional, and aesthetically pleasing.

Consumer-To-Consumer

A business model where consumers trade, sell, or buy goods and services directly with each other, typically facilitated by an online platform.

E-Commerce

The buying and selling of goods and services through the internet, encompassing a wide array of online business activities, including online retailing.

Credit Card

A plastic card issued by a financial institution that allows the holder to borrow funds at the point of sale, subject to repayment with interest.