Table 7-6 -Refer to Table 7-6.You Have Two Essentially Identical Extra Tickets

question 430

Multiple Choice

Table 7-6

-Refer to Table 7-6.You have two essentially identical extra tickets to the Midwest Regional Sweet 16 game in the men's NCAA basketball tournament.The table shows the willingness to pay of the four potential buyers in the market for a ticket to the game.You hold an auction to sell the two tickets.Michael and Earvin each offer to pay $360 for a ticket,and you sell them the two tickets.What is the total consumer surplus in the market?

• A) $720
• B) $180
• C) $140
• D) $40

---

Definitions:

Social Inequity

Inequalities or disparities among individuals in society, often in terms of wealth, income, and access to resources and opportunities.

University Of Chicago

A prestigious private research university located in Chicago, Illinois, known for its contributions to various academic fields, including sociology.

Sociologist

An expert focused on analyzing how human societies form, are structured, and work.

Deviance

Behaviors or actions that violate social norms and expectations, potentially eliciting a negative response from others.