Table 7-1 For Each of Three Potential Buyers of Apples,the Table Displays

question 395

Multiple Choice

Table 7-1
For each of three potential buyers of apples,the table displays the willingness to pay for the first three apples of the day.Assume Xavier,Yadier,and Zavi are the only three buyers of apples,and only three apples can be supplied per day.

-Refer to Table 7-1.If the market price of an apple increases from $1.40 to $1.60,then consumer surplus

• A) decreases by $0.15.
• B) decreases by $0.30.
• C) decreases by $0.45.
• D) increases by $0.15.

---

Definitions:

Claims in Recoupment

Legal claims made to offset or reduce the asserted losses due to the defendant's breach of a contract.

Revised Article 3

An update to the Uniform Commercial Code that governs negotiable instruments such as checks and drafts, intended to modernize and address changes in technology and practice.

Real Defenses

Legal defenses that can be used to invalidate a negotiable instrument, such as forgery, fraud, duress, or incapacity.

Specified

Clearly stated or identified in a particular context or document.