Assume That There Are Four Consumers A, B, C, and D

Multiple Choice

Assume that there are four consumers A, B, C, and D, and the prices that each of them is willing to pay for a glass of lemonade is, respectively, $2.50, $2.25, $2.00, and $1.75. If the actual price of lemonade is $1.50 per glass, then consumer surplus in this market will be

A) $3.25.
B) $1.50.
C) $4.50.
D) $1.00.
E) $2.50.