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    Business
  3. Study Set
    Principles of Economics
  4. Exam
    Exam 7: Consumers, producers, and the Efficiency of Markets
  5. Question
    Table 7-1 -Refer to Table 7-1.If the Table Represents the Willingness to Represents
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Table 7-1 -Refer to Table 7-1.If the Table Represents the Willingness to Represents

Question 2

Question 2

Multiple Choice

Table 7-1
Table 7-1    -Refer to Table 7-1.If the table represents the willingness to pay of four buyers and the price of the product is $30,then their total consumer surplus is A) $-10. B) $-6. C) $20. D) $30.
-Refer to Table 7-1.If the table represents the willingness to pay of four buyers and the price of the product is $30,then their total consumer surplus is


A) $-10.
B) $-6.
C) $20.
D) $30.

Correct Answer:

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