If a Customer Had to Pay a $5 Entry Charge

question 98

True/False

If a customer had to pay a $5 entry charge to get into a roller coaster theme park, and then pay $2 per ride, she would get less consumer surplus than if she was able to pay $2 per ride with no entry charge.

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Definitions:

Pancreas

A gland located behind the stomach that produces enzymes for digestion and hormones such as insulin for blood sugar regulation.

Permeable

Allowing liquids or gases to pass through it.

Capillaries

The smallest blood vessels in the body, responsible for the exchange of oxygen, carbon dioxide, and nutrients between blood and tissues.

Impermeable

Incapable of being passed through or penetrated, often used to describe materials that liquids or gases cannot permeate.