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Question 56

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Use the following to answer question: Use the following to answer question: -(Table: Consumer Surplus and Phantom Tickets) The table Consumer Surplus and Phantom Tickets shows each student's willingness to pay for a Phantom of the Opera ticket.Assume that each student wants to buy one ticket.If the box office price of a ticket to see Phantom of the Opera is $130 and there is no other market for tickets,the total consumer surplus for the five students is: A) $150. B) $125. C) $20. D) $0.
-(Table: Consumer Surplus and Phantom Tickets) The table Consumer Surplus and Phantom Tickets shows each student's willingness to pay for a Phantom of the Opera ticket.Assume that each student wants to buy one ticket.If the box office price of a ticket to see Phantom of the Opera is $130 and there is no other market for tickets,the total consumer surplus for the five students is:


A) $150.
B) $125.
C) $20.
D) $0.

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