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    Exam 5: Economic Efficiency, Government Price Setting and Taxes
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    Table 5.2 -Refer to Table 5.2.The Table Above Lists the Highest Prices
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Table 5.2 -Refer to Table 5.2.The Table Above Lists the Highest Prices

Question 91

Question 91

Multiple Choice

Table 5.2 Table 5.2   -Refer to Table 5.2.The table above lists the highest prices five consumers are willing to pay for a theatre ticket.If the price of one ticket falls from $25 to $10, A) only three tickets will be sold. B) consumer surplus decreases from $24 to $12. C) consumer surplus increases from $0 to $31. D) everyone will buy a ticket.
-Refer to Table 5.2.The table above lists the highest prices five consumers are willing to pay for a theatre ticket.If the price of one ticket falls from $25 to $10,


A) only three tickets will be sold.
B) consumer surplus decreases from $24 to $12.
C) consumer surplus increases from $0 to $31.
D) everyone will buy a ticket.

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