This table refers to five possible buyers' willingness to pay for a take-away meal.
-Refer to the table above. If the market price is R38.00,
A) David's consumer surplus is R47.00 and total consumer surplus for the five individuals is R95.00.
B) Megan's consumer surplus is R17.00 and total consumer surplus for the five individuals is R96.00.
C) David, Laura, and Megan will be the only buyers of a take-away meal.
D) The demand curve for the take-away meal, taking the five individuals into account, is horizontal.
Correct Answer:
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