Table $7-4$

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|\}$

$\backslash$hline & $\backslash$multicolumn$\{3\}\{|$c$|\}\{\backslash$begin$\{$tabular$\}\{$c$\}$

Willingness to Pay $\backslash \backslash$

$($Dollars$)$

$\backslash$end$\{$tabular$\}\}\backslash \backslash$

$\backslash$hline & First Orange & Second Orange & Third Orange $\backslash \backslash$

$\backslash$hline Allison & $2\mathrm{.}00$ & $1\mathrm{.}50$ & $0\mathrm{.}75\backslash \backslash$

$\backslash$hline Bob & $1\mathrm{.}50$ & $1\mathrm{.}00$ & $0\mathrm{.}60\backslash \backslash$

$\backslash$hline Charisse & $0\mathrm{.}75$ & $0\mathrm{.}25$ & $0\mathrm{.}00\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

Refer to Table $7-4.$ If the market price of an orange increases from $\backslash (\backslash$$ $0\mathrm{.}80\backslash )$ to $\backslash (\backslash$$ $1\mathrm{.}05\backslash ),$ then consumer surplus

a$.$ decreases by $\backslash (\backslash$$ $0\mathrm{.}95\backslash ).$

b$.$ increases by $\backslash (\backslash$$ $0\mathrm{.}75\backslash ).$

c$.$ decreases by $\backslash (\backslash$$ $1\mathrm{.}00\backslash ).$

d$.$ decreases by $\backslash (\backslash$$ $0\mathrm{.}75\backslash ).$