Fred's Demand Schedule for Movie DVDs Is as Follows: at $60

question 112

Multiple Choice

Fred's demand schedule for movie DVDs is as follows: At $60, he would buy 1; at $50, he would buy two; at $30, he would buy 3; and at $20, he would buy 4.If the price of movie DVDs equals $40, the consumer surplus Fred receives from purchasing movie DVDs would be:

• A)$20.
• B)$30.
• C)$40.
• D)$110.
• E)$180.