Table 7-5 For Each of Three Potential Buyers of Oranges, the Table

question 545

Multiple Choice

Table 7-5
For each of three potential buyers of oranges, the table displays the willingness to pay for the first three oranges of the day. Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
-Refer to Table 7-5. If the market price of an orange increases from $0.70 to $1.40, then consumer surplus

• A)increases by $2.60.
• B)decreases by $0.70.
• C)decreases by $2.50.
• D)decreases by $2.60.

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Definitions:

Motor Development

The progression of muscle coordination, strength, and control that enables an individual to perform complex physical movements.

Premature

Occurring or happening before the expected time, often used in medical contexts such as premature birth.

Pediatrician

A medical doctor specializing in the care and treatment of children and adolescents, addressing their physical, behavioral, and mental health issues.

Developmental Milestone

Specific skills or abilities that most children exhibit at a certain age range, marking significant progress in physical, emotional, or intellectual development.