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(Table: Consumer Surplus) Look at the table Consumer Surplus.If the price of a ticket to see The Nutty Nutcracker is $75, Miguel's consumer surplus is:
A.$60.
B.$50.
C.$15.
D.$240.
Tariff
Tax on an imported good.
International Trade
The exchange of goods, services, and capital across international borders or territories, influencing global economic activity.
Sugar
A sweet-tasting crystalline substance obtained from various plants, primarily sugar cane and sugar beet, used as a sweetener in food and drink.
Producer Surplus
The difference between the actual price a producer receives for a product and the minimum price they would accept.
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