Suppose the Actual Price for Good a Is $20

question 73

Multiple Choice

Suppose the actual price for good A is $20. John is willing to pay $30, Susie is willing to pay $28, Joseph is willing to pay $25, Jessica is willing to pay $23, and Jeremy is willing to pay $21. What is total consumer surplus?

• A) $23
• B) $25
• C) $27
• D) $30

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