Use the following to answer question:
-(Table: Consumer Surplus)Use Table: Consumer Surplus.Assume that each student wants to buy one ticket.If the price of a ticket to see The Nutty Nutcracker is $75,Lois's consumer surplus is:
A)$25.
B)$60.
C)$75.
D)$100.

Question

Use the following to answer question: 
-(Table: Consumer Surplus)Use Table: Consumer Surplus.Assume that each student wants to buy one ticket.If the price of a ticket to see The Nutty Nutcracker is $75,Lois's consumer surplus is:
A)$25. 
B)$60. 
C)$75. 
D)$100.

Quizplus · Accepted Answer

According to the table, at the price of $75, Lois is willing to pay $100 for a ticket. Therefore, her consumer surplus is $100 - $75 = $25.

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