This Table Refers to Five Possible Buyers' Willingness to Pay

question 23

Multiple Choice

This table refers to five possible buyers' willingness to pay for a take-away meal.
$\begin{array}{l}\text { Buyer Willingness To }\\\begin{array} { l l } & \text { Pay } \\\text { David } & \text { R85.00 } \\\text { Laura } & \text { R70.00 } \\\text { Megan } & \text { R55.00 } \\\text { Mallory } & \text { R40.00 } \\\text { Audrey } & \text { R35.00 }\end{array}\end{array}$
-Refer to the table above. If the market price is R55.00, the consumer surplus in the market will be

• A) R30.00.
• B) R45.00.
• C) R155.00.
• D) R210.00.

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Definitions:

Media Convergence

The merging of distinct technologies, industries, or media forms into a unified platform for creating and distributing content.

Hybrid Media Forms

Media that combine traditional and digital platforms, techniques, or genres to create new modes of communication and expression.

Socialist Revolutions

Movements aimed at overthrowing capitalist systems in favor of socialist governance, emphasizing equality and state control of resources.

Protestant Reformation

A religious movement in the 16th century that led to the creation of Protestantism and a split from the Catholic Church.