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Elvis Values the First Gravy Sandwich at $5, the Second

Question 97

Multiple Choice

Elvis values the first gravy sandwich at $5, the second at $4.50, the third at $4. If he buys three for $4 each, his consumer surplus has a value of:

A) $5.
B) $4.
C) $1.50.
D) $9.50.
E) $12.

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