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Four People Each Have a Different Willingness to Pay for One

Question 344

Multiple Choice

Four people each have a different willingness to pay for one unit of a good: George will pay $15, Glen will pay $12, Tom will pay $10, and Peter will pay $8. If price is equal to $9 per unit then the quantity demanded in the market will be ________ and the consumer surplus for this unit will be ________.


A) 3; $10
B) 3; $37
C) 3; $36
D) 4; $8

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