Table 7-3 The Only Four Consumers in a Market Have the Following

question 129

Multiple Choice

Table 7-3
The only four consumers in a market have the following willingness to pay for a good:
-Refer to Table 7-3. If the price is $20, then consumer surplus in the market is

• A)$20, and Wilbur and Ming-la purchase the good.
• B)$45, and Carlos and Quilana purchase the good.
• C)$45, and Quilana, Wilbur, and Ming-la purchase the good.
• D)$55, and Carlos, Wilbur, and Ming-la purchase the good.

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Definitions:

Acellular

Not consisting of, divided into, or containing cells.

Obligate Parasites

Parasites that cannot complete their life cycle without exploiting a suitable host, causing harm to the host in the process.

Antibiotics

Drugs used to fight bacterial infections in humans and animals by either killing the bacteria directly or inhibiting their growth.

Micron

A unit of length in the metric system equal to one millionth of a meter, also known as a micrometer.