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6 Oct 2020
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
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 |
Sonia DhawanLv10
4 Nov 2020
Related textbook solutions
Related questions
Based on the table below, calculate producer surplus for each producer when the market price is $12.
| Sellers | Willingness to sell one unit |
| A | $21 |
| B | $4 |
| C | $30 |
| D | $14 |
| E | $12 |
| F | $15 |
| G | $51 |
| H | $9 |
| I | $23 |
