Table 7-1
This Table Refers to Five Possible Buyers' Willingness

Table 7-1
This table refers to five possible buyers' willingness to pay for good Z. $\begin{array}{|c|c|}\hline \text { Buyer } & \text { Willingness to pay ( } \$ \text { ) } \\\hline \text { Cassie } & 15.00 \\\hline \text { Jamie } & 11.00 \\\hline \text { John } & 9.50 \\\hline \text { Jeremy } & 6.00 \\\hline \text { Sarah } & 4.50 \\\hline\end{array}$
-Refer to Table 7-1.Which of the following is NOT true?

A) the table is the demand schedule for good Z
B) the demand schedule represented by the table shows the willingness to pay of the marginal buyer
C) at a price of $8.00, total consumer surplus in the market will be $11.50
D) when the price is $5.50, each person will have a positive consumer surplus

Correct Answer:

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