Multiple Choice
Table 4-1
-Refer to Table 4-1.The table above lists the highest prices three consumers,Curly,Moe,and Larry,are willing to pay for a bottle of champagne.If the price of one of the bottles is $24 dollars
A) Curly will buy two bottles,Moe will buy one bottle and Larry will buy no bottles.
B) Curly will receive $26 of consumer surplus from buying one bottle.
C) Curly and Moe receive a total of $80 of consumer surplus from buying one bottle each.Larry will buy no bottles.
D) Larry will receive $15 of consumer surplus since he will buy no bottles.
Correct Answer:

Verified
Correct Answer:
Verified
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