The statements that are true are: d. All options are correct.
a. Based on the table the highest willingness to pay is $8.50 which therefore means that a a price of $9 is above each of buyer's willingness to pay.
Hence, non of the buyer is willing to buy Vanilla Coke.
b. Based on the information given in the table a price of $5.50 is the same to Maria's willingness to pay of the price of $5.50 shown in the table .
Hence, At the price of $5.50 Maria will be indifferent between purchasing and not purchasing Vanilla Coke.
c. At a price of $4, the total consumer surplus is:
Total consumer surplus=($8.50-$4.00)+($7.00-$4.00)+($5.50-$4.00)+($4.00-$4.00)+($3.50-$4.00)
Total consumer surplus=$4.50+$3.00+$1.50+$0+$0
Total consumer surplus=$9
Inconclusion The statements that are true : d. All options are correct.
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