NUMBER
PRICE WILLING TO PAY
1
$75
2
$50
3
$10
4
$0

Above is Andrew's demand curve for gizmos. If the price is $20, Andrew's consumer surplus will be:

$40. $60. $85. $100. $125.


If buyers are maximizing utility, the demand curve shows all of the following except:

buyer equilibrium.
marginal benefit to buyers.
a budget constraint.
a limitation that buyers place on sellers.


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