Table :
Table 11.1: Consumer Surplus When the Price of a Used Textbook = $30
Potential buyer
Willingness to pay
Price paid
Individual consumer surplus
=
Willingness to pay
−
Price paid
Aleisha
$59
$30
$29
Brad
45
30
15
Claudia
35
30
5
Darren
25
—
—
Edwina
10
—
—
All buyers
Total consumer surplus
=
$49