Table 5.1 -Refer to Table 5.1.The Table Above Lists the Highest Prices

Multiple Choice

Table 5.1
-Refer to Table 5.1.The table above lists the highest prices three consumers, Tom, Dick and Harriet, are willing to pay for a short-sleeved polo shirt.If the price of one of the shirts is $28 dollars,

A) Tom will buy two shirts, Dick will buy one shirt and Harriet will buy no shirts.
B) Tom will receive $12 of consumer surplus from buying one shirt.
C) Tom and Dick receive a total of $70 of consumer surplus from buying one shirt each.Harriet will buy no shirts.
D) Harriet will receive $25 of consumer surplus since she will buy no shirts.