Table 1 Buyer Willingness To Pay Lori $50.00 Audrey $30.00 Zach $20.00 Calvin $10.00 2. Refer to Table 1. If the price of the product is $15, then who would be willing to purchase the product? a. Lori b. Lori and Audrey c. Lori, Audrey, and Zach d. Lori, Audrey, Zach, and Calvin 3. Refer to Table 1. If price of the product is $30, then the total consumer surplus is a. $-10. b. $-6. c. $20. d. $30.

Principles of Economics, 7th Edition (MindTap Course List)
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Chapter22: Frontiers Of Microeconomics
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Table 1
Buyer Willingness To Pay
Lori $50.00
Audrey $30.00
Zach $20.00
Calvin $10.00
2. Refer to Table 1. If the price of the product is $15, then who would be willing to purchase the
product?
a. Lori
b. Lori and Audrey
c. Lori, Audrey, and Zach
d. Lori, Audrey, Zach, and Calvin
3. Refer to Table 1. If price of the product is $30, then the total consumer surplus is
a. $-10.
b. $-6.
c. $20.
d. $30. 

 

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