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Four People Each Have a Different Willingness to Pay for One

Question 185

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 decreases from $9 to $8 then the consumer surplus from this unit will increase by


A) $3.
B) $4.
C) $2.
D) $1.

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