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How much consumer surplus will this college student

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Reference no: EM132405700

A college students loves to eat chicken wings! The table below shows just how much she is willing to pay for a chicken wing.

Number of Wings Willingness to Pay (Per wing)

1 $5

2 $4

3 $3

4 $2

5 $ 1

6 $0

If one chicken wing costs $3 (expensive, I know) how many wings will this college student buy?

How much consumer surplus will this college student get to enjoy? But not to the point where they experience a loss in consumer surplus.

But the chicken wing place decides to have a sale, and the price of a chicken wing is now $2. How many wings will this college student now buy?

How much consume surplus will this college student get to enjoy? But not to the point where they experience a loss in consumer surplus?

Reference no: EM132405700

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