Q Question 1 0.5 / 0.5 pts Kelly is willing to pay $68 for a pair of shoes for a wedding. She finds a pair at her favorite outlet shoe store for $58. Kelly's consumer surplus is Question 2 0.5 / 0.5 pts Table 7-1 Buyer Willingness To Pay Lori $50.00 Audrey $30.00 Zach $20.00 Calvin $10.00 Refer to Table 7-1. If the price of the product is $15, then who would be willing to purchase the product? Question 3 0.5 / 0.5 pts If Gina sells a shirt for $40, and her producer surplus from the sale is $32, her cost must have been Question 4 0.5 / 0.5 pts Table 7-1 Buyer Willingness To Pay Lori $50.00 Audrey $30.00 Zach $20.00 Calvin $10.00 Refer to Table 7-1. If price of the product is $30, then the total consumer surplus is Question 5 0.5 / 0.5 pts Figure 7-8 Refer to Figure 7-8. When the price rises from P1 to P2, which area represents the increase in producer surplus to existing producers?

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