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    Principles of Economics Study Set 12
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    Exam 5: The Demand Curve and the Behavior of Consumers
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    Suppose Kim Is Willing to Pay $5 for Her First
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Suppose Kim Is Willing to Pay $5 for Her First

Question 84

Question 84

Multiple Choice

Suppose Kim is willing to pay $5 for her first ice cream sundae, $4 for a second ice cream sundae, and $2 for a third. If Kim is able to buy all three ice cream sundaes for $2 each, she has realized a consumer surplus of


A) $3.
B) $5.
C) $2.
D) $1.
E) $4.

Correct Answer:

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