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Table 4-5 -Refer to Table 4-5. the Table Above Lists the Highest

Question 242

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Table 4-5
Table 4-5    -Refer to Table 4-5. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one ticket rises from $20 to $38, A)  only three tickets will be sold. B)  consumer surplus decreases from $62 to $12. C)  consumer surplus increases from $88 to $142. D)  no one will buy a ticket.
-Refer to Table 4-5. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one ticket rises from $20 to $38,


A) only three tickets will be sold.
B) consumer surplus decreases from $62 to $12.
C) consumer surplus increases from $88 to $142.
D) no one will buy a ticket.

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