Consumer Willingness to Pay Violet $48 Walter 40 Xavier 30 Yolanda 24 Zachary 14 Refer to Table 4-2. The table above lists the highest prices
Consumer Willingness to Pay Violet $48 Walter 40 Xavier 30 Yolanda 24 Zachary 14 Refer to Table 4-2. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one of the tickets is $36 O Walter will receive $4 of consumer surplus from buying one ticket. O Xavier, Yolanda, and Zachary will receive a total of $68 of consumer surplus since they will buy no tickets. O Violet and Walter receive a total of $52 of consumer surplus from buying one ticket each. No one else will buy a ticket. O Violet and Walter will each buy two tickets
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