According to the information provided, how much total consumer surplus do Celia and Jim collectively receive from consuming micro-brewed beer when it is priced at $3 a bottle?
A)$13
B)$9
C)$6
D)$3

Question

Quizplus · Accepted Answer

Celia and Jim's total consumer surplus is calculated by adding the difference between their maximum willingness to pay and the market price for each bottle they purchase. If both are willing to pay more than $3 for each bottle they buy, their combined consumer surplus is the sum of these differences for all the bottles they purchase at $3.

According to the Information Provided, How Much Total Consumer Surplus