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If Peter's total willingness to pay for ice cream is given in the table below: Coffee Total benet (S) 0 0 1 5.00 2 9.00

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If Peter's total willingness to pay for ice cream is given in the table below: Coffee Total benet (S) 0 0 1 5.00 2 9.00 3 12.00 4 14.00 5 15.00 6 14.00 7 13.50 In a competitive market where the price of ice cream is $1.50, what is the value of Peter's consumer surplus? $2.50 $8.00 $3.5 $4.5 $12.00

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