Assume the price of a particular paint brush is $3.50.  Denise purchases the paint brush for $3.50 but was wiling to pay $5.00.  Ted purchases the paint brush for $3.50 but was willing to pay $4.00.  What is the total consumer surplus for Denise and Ted? Group of answer choices $2.00 $4.00 $5.00 $3.55 $1.50

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Assume the price of a particular paint brush is $3.50.  Denise purchases the paint brush for $3.50 but was wiling to pay $5.00.  Ted purchases the paint brush for $3.50 but was willing to pay $4.00.  What is the total consumer surplus for Denise and Ted?

Group of answer choices

$2.00

$4.00

$5.00

$3.55

$1.50

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