The price of a cowboy hat is $100. Willie is willing to pay $130, Waylon is willing to pay $100, and Merle is willing to pay $85. All of the following statements are true EXCEPT:

A) Merle's consumer surplus is $15.
B) The sum of consumer surplus will be $30.
C) Waylon's consumer surplus is $0.
D) Only Willie and Waylon will purchase the cowboy hat.
E) Willie's consumer surplus is $30.


A

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