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    Exam 5: Economic Efficiency, Government Price Setting and Taxes
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Figure 51 Figure 5

Question 82

Question 82

Multiple Choice

Figure 5.1 Figure 5.1   Figure 5.1 shows Arnold's demand curve for burritos. -Refer to Figure 5.1.If the market price is $1.50, what is the consumer surplus on the second burrito? A) $0.50 B) $1.00 C) $1.50 D) $3.50 Figure 5.1 shows Arnold's demand curve for burritos.
-Refer to Figure 5.1.If the market price is $1.50, what is the consumer surplus on the second burrito?


A) $0.50
B) $1.00
C) $1.50
D) $3.50

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