Multiple Choice
Use the figure below to answer the following questions.
Figure 5.2.4a Figure 5.2.4b
-Refer to Figure 5.2.4.If the market price is $3 a slice,what is the consumer surplus in the market?
A) $11.25
B) $1.25
C) $12.50
D) $60.00
E) zero
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q86: An oil painting has an opportunity cost
Q87: Which of the following is true?<br>A)When resources
Q88: A market demand curve is constructed by<br>A)adding
Q89: Choose the statement or statements that are
Q90: Use the figure below to answer the
Q92: It is efficient to produce an additional
Q93: A market supply curve is<br>A)the horizontal sum
Q94: Use the figure below to answer the
Q95: Use the information below to answer the
Q96: When 2,000 hamburgers a day are produced,the