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    Microeconomics Study Set 46
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    Exam 3: Using Supply and Demand to Analyze Markets
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    (Figure: Market for Grapefruits I) at a Market Price of $4
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(Figure: Market for Grapefruits I) at a Market Price of $4

Question 63

Question 63

Multiple Choice

(Figure: Market for Grapefruits I) At a market price of $4, what is total consumer surplus? (Figure: Market for Grapefruits I)  At a market price of $4, what is total consumer surplus?   A)  $120 B)  $320 C)  $160 D)  $80


A) $120
B) $320
C) $160
D) $80

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