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Table 7-5 -Refer to Table 7-5

Question 151

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Table 7-5
 Price of pizza  Quantity of pizza demanded  Fred  Frieda >$1500$1414.9910$1313.9941$1212.9973$1111.99105$1010.99137$99.99149\begin{array}{|c|c|c|}\hline \text { Price of pizza }&\text { Quantity of pizza demanded }\\\hline & \text { Fred } & \text { Frieda } \\\hline>\$ 15 & 0 & 0 \\\hline \$ 14-14.99 & 1 & 0 \\\hline \$ 13-13.99 & 4 & 1 \\\hline \$ 12-12.99 & 7 & 3 \\\hline \$ 11-11.99 & 10 & 5 \\\hline \$ 10-10.99 & 13 & 7 \\\hline \$ 9-9.99 & 14 & 9 \\\hline\end{array}
-Refer to Table 7-5.Given the information about Fred and Frieda's willingness to pay for pizza, calculate the consumer surplus for Fred and for Frieda if the price of pizza is:
a.$16
b.$15
c.$13.50
d.$12
e.$5

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a.Fred: $0, Frieda: $0
b.Fred:...

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