Table 5.2 -Refer to Table 5.2.The Table Above Lists the Highest Prices

question 91

Multiple Choice

Table 5.2
-Refer to Table 5.2.The table above lists the highest prices five consumers are willing to pay for a theatre ticket.If the price of one ticket falls from $25 to $10,

• A)only three tickets will be sold.
• B)consumer surplus decreases from $24 to $12.
• C)consumer surplus increases from $0 to $31.
• D)everyone will buy a ticket.

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Definitions:

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