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Calculate the total consumer surplus

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Reference no: EM131154719

Using the information below about individuals and their willingness to pay for a bottle of ginger ale, calculate the total consumer surplus at a market price of $5.

Maximum amount a buyer would pay for ginger ale

Scott
$10
Dennis
$4
Greg
$8
Dave
$7
Mike
$5

Reference no: EM131154719

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Calculate the total consumer surplus : Using the information below about individuals and their willingness to pay for a bottle of ginger ale, calculate the total consumer surplus at a market price of $5. Maximum amount a buyer would pay for ginger ale
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