Table 4-F
the Schedule Below Represents the Willingness of a Typical

question 160

Multiple Choice

Table 4-F
The schedule below represents the willingness of a typical consumer to pay for wine in a year. Suppose there are 10,000 identical consumers in the community.
$$\begin{array} { c c } \text { Price Per } & \text { bottles of Wine Consumed } \\\text { Bottle of Wine } & \text { Per Year } \\\$ 50 & 1 \\440 & 2 \\\$ 30 & 3 \\\$ 20 & 4 \\\$ 10 & 5\end{array}$$
-Refer to Table 4-F.If the market price of wine is $20, the total consumer surplus for the community equals:

• A)$20,000.
• B)$30,000.
• C)$50,000.
• D)$60,000.
• E)$80,000.

---

Definitions:

Savings And Loan

Financial institutions that primarily engage in accepting savings deposits and making mortgage loans.

Reserve Requirements

Criteria set by central banks for the minimal amount of reserves that must be kept by banks against the deposits they hold.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.

Medieval Times

A historical period in Europe spanning roughly from the 5th to the late 15th century, characterized by feudalism, manorialism, and the prevalence of knights and castles.