What is the total surplus for the five students


Problem

Amazon has a lightening deal where it slashed the price of one item. At 3:15 pm today, they announce that the item was a new tablet with a sales price of $150 which is less than half of the original price. What is the total surplus for the five following students. Student willingness to pay

Anthony $500
Amanda $400
Lilly $300
Fran $200
Mark $100

What is the total surplus for the five students?

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Microeconomics: What is the total surplus for the five students
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