Multiple Choice
Scenario 12-1
Max and Mark enjoy beer. Max places a $23 value on a bottle of beer, and Mark places a $18 value on it. The equilibrium price for a bottle of beer is $14.
-Refer to Scenario 12-1. How much total consumer surplus do Max and Mark get when each purchases a bottle of beer?
A) $14
B) $9
C) $4
D) $13
Correct Answer:
Verified
Correct Answer:
Verified
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