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    Business
  3. Study Set
    Microeconomics Study Set 15
  4. Exam
    Exam 5: Economic Efficiency , Government Price Setting and Taxes
  5. Question
    -Refer to Figure 5-1
Solved

-Refer to Figure 5-1

Question 16

Question 16

Multiple Choice

  -Refer to Figure 5-1. If the market price is $1.00, what is the consumer surplus on the fourth burrito? A)  $0 B)  $0.50 C)  $1.50 D)  $2.25
-Refer to Figure 5-1. If the market price is $1.00, what is the consumer surplus on the fourth burrito?


A) $0
B) $0.50
C) $1.50
D) $2.25

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