Essay
Tammy loves donuts.The table shown reflects the value Tammy places on each donut she eats:
a.Use this information to construct Tammy's demand curve for donuts.
b.If the price of donuts is $0.20,how many donuts will Tammy buy?
c.Show Tammy's consumer surplus on your graph.How much consumer surplus would she have at a price of $0.20?
d.If the price of donuts rose to $0.40,how many donuts would she purchase now? What would happen to Tammy's consumer surplus? Show this change on your graph.
Correct Answer:
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a. 
b.
At a price of $0.20,Tammy would ...View Answer
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Correct Answer:
Verified
b.
At a price of $0.20,Tammy would ...
View Answer
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