Use the following to answer question:
-(Table: Music Downloads) Two consumers, Eli and Madison, like to download songs to their iPhones, and the table Music Downloads represents their willingness to pay for each downloaded song. If an individual song can be downloaded for $1, what is the total consumer surplus received by these consumers?
A) $19.25
B) $18
C) $10
D) $11

Question

Use the following to answer question: 
-(Table: Music Downloads) Two consumers, Eli and Madison, like to download songs to their iPhones, and the table Music Downloads represents their willingness to pay for each downloaded song. If an individual song can be downloaded for $1, what is the total consumer surplus received by these consumers?
A) $19.25 
B) $18 
C) $10 
D) $11

Quizplus · Accepted Answer

Consumer surplus is the difference between what consumers are willing to pay and what they actually pay. If the table shows willingness to pay for each song, calculate the surplus for each song by subtracting the price ($1) from the willingness to pay, and sum these values for both Eli and Madison to get the total consumer surplus.

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