ECO 2013 Lecture Notes - Lecture 5: Economic Surplus, Deadweight Loss
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Based on the table below, calculate the consumer surplus for each consumer when the price is $17. What is the total consumer surplus at this price?
Buyers | Willingness to pay for one unit |
A | $6 |
B | $27 |
C | $13 |
D | $21 |
E | $33 |
F | $35 |
G | $12 |
H | $13 |
I | $22 |