Gizmos Consumers Willingness To Pay Abagail $5 Beatrice $10 Callisto $15 Darla $20 If the price of a Gizmo is $13 then Gizmos will be purchased by [ Select ] Abagail Abagail and Beatrice d consumers only want 1 gizmo each then Callisto and Darla Abagail, Beatrice, and Callisto If the four consumers bid against each other for one Gizmo then [ Select ] If the four consumers bid against each other for one Gizmo then the consumer surplus will be approximately [ Select ] If the price of a Gizmo is $16 then [ Select ]Gizmos Consumers Willingness To Pay Abagail $5 Beatrice $10 Callisto $15 Darla $20 If the price of a Gizmo is $13 then Gizmos will be purchased by [ Select ] ~ If the price of a Gizmo is $13 and consumers only want 1 gizmo each then AR\\ | 2 Gizmos are purchased and consumer surplus is $11. 2 Gizmos are purchased and consumer surplus is $9. oo then 3 Gizmos are purchased and consumer surplus is $6. 1 Gizmo is purchased and consumer surplus is $7. If the four consumers bid against each other for one Gizmo then the consumer surplus will be v approximately =~ [Select] If the price of a Gizmo is $16 then [ Select] e Gizmos Consumers Willingness To Pay Abagail $5 Beatrice $10 Callisto $15 Darla $20 If the price of a Gizmo is $13 then Gizmos will be purchased by [ Select ] ~ If the price of a Gizmo is $13 and consumers only want 1 gizmo each then [ Select ] v If the four consumers bid against each other for one Gizmo then v [ Select ] Callisto will win the auction and needs to bid just over $15. Abagail will win the auction and needs to bid just below $10. Darla will win the auction and needs to bid just over $20. Darla will win the auction and needs to bid just over $15. ::hen the consumer surplus will be If the price of a Gizmo is $16 then [ Select] Gizmos Consumers Willingness To Pay Abagail $5 Beatrice ~ $10 Callisto $15 Darla $20 If the price of a Gizmo is $13 then Gizmos will be purchased by [ Select ] v If the price of a Gizmo is $13 and consumers only want 1 gizmo each then [ Select ] v If the four consumers bid against each other for one Gizmo then [ Select ] v If the four consumers bid against each other for one Gizmo then the consumer surplus will be approximately AR S p $0. $5. If the price of gg, $11. Gizmos Consumers Willingness To Pay Abagail $5 Beatrice $10 Callisto $15 Darla $20 If the price of a Gizmo is $13 then Gizmos will be purchased by [ Select ] v If the price of a Gizmo is $13 and consumers only want 1 gizmo each then [ Select ] v If the four consumers bid against each other for one Gizmo then [ Select ] v If the four consumers bid against each other for one Gizmo then the consumer surplus will be ' approximately [ Select] I the price of a Gizmo is $16 ther Beatrice will receive $0 of consumer surplus. Beatrice will receive $6 of consumer surplus. Beatrice will receive -$6 of consumer surplus. Beatrice will receive $10 of consumer surplus