Multiple Choice
Scenario 12-3
Suppose that Bob places a value of $10 on a movie ticket and that Lisa places a value of $7 on a movie ticket. In addition, suppose the price of a movie ticket is $5.
-Refer to Scenario 12-3.What is total consumer surplus for Bob and Lisa?
A) $0
B) $2
C) $5
D) $7
Correct Answer:
Verified
Correct Answer:
Verified
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