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Question 48

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Use the following to answer question: Use the following to answer question: -(Table: Willingness to Pay for Peanuts) Using the table Willingness to Pay for Peanuts,if the price of a bag of peanuts is $4,what is the value of George's consumer surplus? A) $4 B) $3 C) $6 D) $10
-(Table: Willingness to Pay for Peanuts) Using the table Willingness to Pay for Peanuts,if the price of a bag of peanuts is $4,what is the value of George's consumer surplus?


A) $4
B) $3
C) $6
D) $10

Correct Answer:

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