If consumers' surplus is $30 and the price paid for the good is $50,then the maximum price a buyer is willing and able to pay for the good is
A) $80.
B) $30.
C) $50.
D) $20.
E) There is not enough information to answer the question.

Question

Quizplus · Accepted Answer

The maximum price a buyer is willing to pay is equal to their willingness to pay, which is $30 (as given in the question), added to the price they actually paid ($50). Therefore, the maximum price a buyer is willing and able to pay is $30 + $50 = $80.

If Consumers' Surplus Is $30 and the Price Paid for the Good