John's Demand Schedule for Pizza Is Indicated Below

question 144

Multiple Choice

John's demand schedule for pizza is indicated below.If the current price of pizza is $1.10 per slice,what is John's consumer surplus if he buys five slices of pizza?

• A)$0
• B)$1.00
• C)$1.10
• D)$6.50

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Definitions:

Higher Income

Earning more revenue or profit than the average or a predetermined benchmark.

Shotgun-Shell Ammunition

Ammunition specifically designed for use in a shotgun, consisting of a casing filled with shot or a slug.

Future Prices

The anticipated cost of goods, commodities, or services set for delivery and payment at a future date.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices.