Table 4-4 -Refer to Table 4-4. the Table Above Lists the Highest

question 352

Multiple Choice

Table 4-4

-Refer to Table 4-4. 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 the champagne falls from $24 to $14,

• A) consumer surplus increases from $32 to $53.
• B) Curly will buy four bottles; Moe will buy two bottles, and Larry will buy one bottle.
• C) consumer surplus will increase from $80 to $95.
• D) Larry and Moe will receive more consumer surplus than Curly.

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