Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: If the quantity of soccer balls demanded
Q89: Figure 5.1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 5.1
Q90: When is economic efficiency achieved in a
Q92: Figure 5.7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 5.7
Q94: Figure 5.5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 5.5
Q95: You are given the following market data
Q95: Table 5.6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Table 5.6
Q96: Table 5.6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Table 5.6
Q108: Consumer surplus is the difference between the
Q149: When the government taxes a good or