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-Refer to Exhibit E-4, Which Represents Chad's Demand for Bicycle

Question 12

Multiple Choice

-Refer to Exhibit E-4, which represents Chad's demand for bicycle rentals. If the bicycle rental equilibrium price is $4 an hour, Chad's consumer surplus for his first hour of bicycle rental is A) $0 B) $2 C) $4 D) $6 E) $8
-Refer to Exhibit E-4, which represents Chad's demand for bicycle rentals. If the bicycle rental equilibrium price is $4 an hour, Chad's consumer surplus for his first hour of bicycle rental is


A) $0
B) $2
C) $4
D) $6
E) $8

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