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Assume that there are four consumers A, B, C, and D, and the prices that each of them is willing to pay for a glass
Assume that there are four consumers A, B, C, and D, and the prices that each of them is willing to pay for a glass of lemonade is respectively, $2.50, $2.25, $2.00, and $1.75. If the actual price of lemonade is $1.25 per glass, then consumer surplus in this market will be A) $1.25 B) $3.50 C) $3.00 D) $4.50 E) $1.00
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