Thandi loves toffees. The table shown reflects the value Thandi places on each toffee she eats:
a. Use this information to construct Thandi's demand curve for toffees.
b. If the price of toffees is R0.20, how many toffees will Thandi buy?
c. Show Thandi's consumer surplus on your graph. How much consumer surplus would she have at a price of R0.20?
d. If the price of toffees rose to R0.40, how many toffees would she purchase now? What would happen to Thandi's consumer surplus? Show this change on your graph.
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