(Figure: Willingness to Pay) The price is $15. In the table, what is Mabel's consumer surplus?
$\begin{array}{|l|l|}
\hline \text { Buyer } & \text { Willingness to Pay } \
\hline \text { Mabel } & \$ 13 \
\hline \text { Hazel } & \$ 24 \
\hline \text { Antoinette } & \$ 20 \
\hline
\end{array}$

Question

(Figure: Willingness to Pay) The price is $15. In the table, what is Mabel's consumer surplus?
 $\begin{array}{|l|l|}
\hline \text { Buyer } & \text { Willingness to Pay } \
\hline \text { Mabel } & \$ 13 \
\hline \text { Hazel } & \$ 24 \
\hline \text { Antoinette } & \$ 20 \
\hline
\end{array}$

Quizplus · Accepted Answer

Mabel's consumer surplus is $0 because her willingness to pay ($13) is below the market price ($15), meaning she would not purchase the item at that price.

(Figure: Willingness to Pay) the Price Is $15 A) $0 B) $2 C) $5 D) $13

(Figure: Willingness to Pay) the Price Is $15 A) $0
B) $2
C) $5
D) $13