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Figure 7-18 -Refer to Figure 7-18.If Total Surplus Is $240 and Consumer

Question 3

Multiple Choice

Figure 7-18 Figure 7-18 -Refer to Figure 7-18.If total surplus is $240 and consumer surplus is A) $100,then the price of the good is $130. B) $130,then the price of the good is $120. C) $160,then the price of the good is $100. D) $120,then the price of the good is $90.
-Refer to Figure 7-18.If total surplus is $240 and consumer surplus is


A) $100,then the price of the good is $130.
B) $130,then the price of the good is $120.
C) $160,then the price of the good is $100.
D) $120,then the price of the good is $90.

Correct Answer:

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