Use the following to answer question:
-(Table: Consumer Surplus and Phantom Tickets)The table Consumer Surplus and Phantom Tickets shows each student's willingness to pay for a Phantom of the Opera ticket.Assume that each student wants to buy one ticket.If the box office price of a ticket to see Phantom of the Opera is $130 and there is no other market for tickets,the total consumer surplus for the five students is:
A)$150.
B)$125.
C)$20.
D)$0.

Question

Use the following to answer question: 
-(Table: Consumer Surplus and Phantom Tickets)The table Consumer Surplus and Phantom Tickets shows each student's willingness to pay for a Phantom of the Opera ticket.Assume that each student wants to buy one ticket.If the box office price of a ticket to see Phantom of the Opera is $130 and there is no other market for tickets,the total consumer surplus for the five students is:
A)$150. 
B)$125. 
C)$20. 
D)$0.

Quizplus · Accepted Answer

The Answer is C

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