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This Table Refers to Five Possible Buyers' Willingness to Pay

Question 12

Multiple Choice

This table refers to five possible buyers' willingness to pay for a take-away meal. ?
 Buyer  Willingness To  Pay  David 8.50 Laura 7.00 Megan 5.50 Mallory 4.00 Audrey 3.50\begin{array}{|l|l|}\hline \text { Buyer } & \begin{array}{l}\text { Willingness To } \\\text { Pay }\end{array} \\\hline \text { David } & € 8.50 \\\hline \text { Laura } & € 7.00 \\\hline \text { Megan } & € 5.50 \\\hline \text { Mallory } & € 4.00 \\\hline \text { Audrey } & € 3.50 \\\hline\end{array}
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Refer to the table above. If the market price is €3.80,
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A) David's consumer surplus is €4.70 and total consumer surplus for the five individuals is €9.50.
B) Megan's consumer surplus is €1.70 and total consumer surplus for the five individuals is €9.60.
C) David, Laura, and Megan will be the only buyers of a take-away meal.
D) the demand curve for the take-away meal, taking the five individuals into account, is horizontal.

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