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Table 4-2 -Refer to Table 4-2.The Table Above Lists the Highest Prices

Question 51

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Table 4-2
Table 4-2    -Refer to Table 4-2.The table above lists the highest prices five consumers are willing to pay for a concert ticket.If the price of one ticket falls from $50 to $20 A) only three tickets will be sold. B) consumer surplus decreases from $48 to $24. C) consumer surplus increases from $0 to $62. D) everyone will buy a ticket.
-Refer to Table 4-2.The table above lists the highest prices five consumers are willing to pay for a concert ticket.If the price of one ticket falls from $50 to $20


A) only three tickets will be sold.
B) consumer surplus decreases from $48 to $24.
C) consumer surplus increases from $0 to $62.
D) everyone will buy a ticket.

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