Multiple Choice
Suppose I buy 3 cups of coffee at the price of $1 each. I would have been willing to pay $3 for that marvelous first cup, pay even $2 for the second cup, and $1-the market price-for the third cup. My consumer surplus is
A) $6
B) $5
C) $3
D) $2
E) $1
Correct Answer:
Verified
Correct Answer:
Verified
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