Scenario: The table below lists the willingness to pay for ten potential buyers of a Walter Payton rookie card and the willingness to accept for ten potential sellers of the card. (Walter Payton was a running back for the NFL's Chicago Bears from 1985 to 1987 and was elected into the NFL's Hall of Fame in 1993.) The graph below the table can be used to display the demand and supply schedules.
-Refer to the scenario above.Assuming a market price of $140 per card,consumer surplus in this market is ________.
Definitions:
Epilepsy
A neurological disorder marked by sudden recurrent episodes of sensory disturbance, loss of consciousness, or convulsions, associated with abnormal electrical activity in the brain.
Positive Reinforcer
An incentive that, when introduced following an action, enhances the probability of that action occurring again.
Behavior Modification
A systematic approach to changing behavior through the application of the principles of conditioning, including both reinforcement and punishment.
Time-Outs
A disciplinary technique used to remove a child from an environment where inappropriate behavior has occurred, to encourage reflection and calm down.
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