Answer:
$4
Step-by-step explanation:
Total consumer surplus is given by the difference between the willingness to pay of each customer to the actual price of a good.
Since Avery is only willing to pay $10 and the pizza costs $12, Avery will not buy a pizza and should not be considered for consumer surplus.
Since Pia is willing to pay $13, and Sylvio is willing to pay $15, consumer surplus is:
[tex]S = (\$13-\$12)+(\$15-\$12)\\S=\$4[/tex]
When the price of pizza is $12, a consumer surplus of $4 is achieved.
