Table 4-5 -Refer to Table 4-5. the Table Above Lists the Highest

question 242

Multiple Choice

Table 4-5

-Refer to Table 4-5. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one ticket rises from $20 to $38,

• A) only three tickets will be sold.
• B) consumer surplus decreases from $62 to $12.
• C) consumer surplus increases from $88 to $142.
• D) no one will buy a ticket.