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

question 161

Multiple Choice

Table 4-1

-Refer to Table 4-1.The table above lists the highest prices three consumers,Curly,Moe,and Larry,are willing to pay for a bottle of champagne.If the price of one of the bottles is $24 dollars

• A)Curly will buy two bottles,Moe will buy one bottle and Larry will buy no bottles.
• B)Curly will receive $26 of consumer surplus from buying one bottle.
• C)Curly and Moe receive a total of $80 of consumer surplus from buying one bottle each.Larry will buy no bottles.
• D)Larry will receive $15 of consumer surplus since he will buy no bottles.

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