Table 4-1 -Refer to Table 4-1.The Table Above Lists the Highest Prices

question 18

Multiple Choice

Table 4-1

-Refer to Table 4-1.The table above lists the highest prices three consumers, Tom, Dick, and Harriet, are willing to pay for a short-sleeved polo shirt.If the price of the shirts falls from $28 to $20,

• A)consumer surplus increases from $14 to $35.
• B)Tom will buy two shirts; Dick and Harriet will each buy one shirt.
• C)consumer surplus will increase from $70 to $95.
• D)Harriet will receive more consumer surplus than Tom or Dick.

---

Definitions:

Absorbs Light

The process by which a material takes in light energy without reflecting it, often converting it into heat.

Visual Information

Refers to data obtained from observations in the form of images or visual perceptions.

Fovea

A small depression in the retina where visual acuity is highest, due to a high concentration of cones.

Visual Acuity

The clarity or sharpness of vision, often measured as the ability to discern letters or numbers at a standardized distance.