Table 1 Buyer Willingness To Pay Lori $50.00 Audrey $30.00 Zach $20.00 Calvin $10.00 2. Refer to Table 1. If the price of the product is $15, then who would be willing to purchase the product? a. Lori...

Table 1
Buyer Willingness To Pay
Lori $50.00
Audrey $30.00
Zach $20.00
Calvin $10.00
2. Refer to Table 1. If the price of the product is $15, then who would be willing to purchase the
product?
a. Lori
b. Lori and Audrey
c. Lori, Audrey, and Zach
d. Lori, Audrey, Zach, and Calvin
3. Refer to Table 1. If price of the product is $30, then the total consumer surplus is
a. $-10.
b. $-6.
c. $20.
d. $30.