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  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
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-Refer to Figure 5-1

Question 130

Question 130

Multiple Choice

  -Refer to Figure 5-1. If the market price is $1.50, what is the consumer surplus on the first burrito? A)  $0.50 B)  $1.00 C)  $1.50 D)  $7.50
-Refer to Figure 5-1. If the market price is $1.50, what is the consumer surplus on the first burrito?


A) $0.50
B) $1.00
C) $1.50
D) $7.50

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