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The Schedule Below Represents the Willingness of a Typical Consumer

Question 33

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The schedule below represents the willingness of a typical consumer to pay for wine in a year. Suppose there are 10 000 identical consumers in the community. TABLE 6-3
The schedule below represents the willingness of a typical consumer to pay for wine in a year. Suppose there are 10 000 identical consumers in the community. TABLE 6-3 -Refer to Table 6-3. If the market price of wine is $20, what is the total consumer surplus for the community equal to? A) $20 000 B) $30 000 C) $50 000 D) $60 000
-Refer to Table 6-3. If the market price of wine is $20, what is the total consumer surplus for the community equal to?


A) $20 000
B) $30 000
C) $50 000
D) $60 000

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