Economics (AS & A Level) · Oct / Nov 2021 · Paper 11 · Question 8

The table shows the maximum price a consumer would be willing to pay for successive cans of fruit juice. | cans | first | second | third | fourth | fifth | | price ($) | 14 | 10 | 6 | 4 | 3 | The price of a can of fruit juice is $4 and, having bought three cans, the consumer decides to buy a fourth. How does buying the fourth can affect his consumer surplus?

1. AIt leaves it unchanged.
2. BIt lowers it by $2.
3. CIt raises it by $4.
4. DIt raises it by $34.

As printed in the paper