Table 7-8 During the Last Two Days, Chad Purchased a Latte from Latte

question 128

Multiple Choice

Table 7-8
During the last two days, Chad purchased a latte from two different stores. The table below shows Chad's willingness to pay on each day and his consumer surplus from each purchase.
-Refer to Table 7-8. The price that Chad paid for a latte on the second day is

• A)$0.25 less than the amount he paid on the first day.
• B)$1.00 less than the amount he paid on the first day.
• C)$1.50 less than the amount he paid on the first day.
• D)$0.50 less than the amount he paid on the first day.

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