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Table 4-E
the Schedule Below Shows the Prices That a Consumer

Question 184

Multiple Choice

Table 4-E
The schedule below shows the prices that a consumer is willing to pay for pounds of shrimp:
 Price Per Pound  Number of Pounds  Consumed Each Year $201$162$123$104$65$26\begin{array}{cc}\text { Price Per Pound } & \text { Number of Pounds } \\&\text { Consumed Each Year }\\\$ 20 & 1 \\\$ 16 & 2 \\\$ 12 & 3 \\\$ 10 & 4 \\\$ 6 & 5 \\\$ 2 & 6\end{array}

-Refer to Table 4-E.If the price of shrimp is $12 per pound, according to the schedule consumer surplus equals:


A) $8.
B) $12.
C) $14.
D) $36.
E) $48.

Correct Answer:

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