(Figure: Consumer Surplus) the Price Is $15 A) $6
B) $9
C) $15
D) $24

question 51

Multiple Choice

(Figure: Consumer Surplus) The price is $15. In the table, what is Hazel's willingness to pay?
$\begin{array}{|l|l|}\hline \text { Buyer } & \text { Consumer Surplus } \\\hline \text { Mabel } & \$ 2 \\\hline \text { Hazel } & \$ 9 \\\hline \text { Antoinette } & \$ 5 \\\hline\end{array}$

• A) $6
• B) $9
• C) $15
• D) $24

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Definitions:

Deposit

A sum of money placed into a bank account or given as initial payment or security for the purchase of an item.

Compounded Daily

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a daily basis.

Interest

The cost of borrowing money or the return on investment for lending money, determined as a percentage of the principal amount.

Desired Amount

The specific sum of money or financial goal an individual or entity aims to achieve.