Table 4-2 -Refer to Table 4-2.The Table Above Lists the Highest Prices

question 194

Multiple Choice

Table 4-2

-Refer to Table 4-2.The table above lists the highest prices five consumers are willing to pay for a theater ticket.If the price of one ticket rises from $10 to $19,

• A)only three tickets will be sold.
• B)consumer surplus decreases from $31 to $6.
• C)consumer surplus increases from $44 to $71.
• D)no one will buy a ticket.

---

Definitions:

Conference Board of Canada

An independent, not-for-profit research organization that provides insights on economic trends, public policy, and organizational performance.

Critical Skills

Essential abilities or expertise necessary to perform job tasks effectively or to excel in a particular field.

Orientation Programs

Programs that familiarize new employees with their roles, the organization, its policies, and other employees.

Intranet

An organization-specific internal computer network.