Multiple Choice
Fred's demand schedule for movie DVDs is as follows: At $60, he would buy 1; at $50, he would buy two; at $30, he would buy 3; and at $20, he would buy 4.If the price of movie DVDs equals $40, the consumer surplus Fred receives from purchasing movie DVDs would be:
A) $20.
B) $30.
C) $40.
D) $110.
E) $180.
Correct Answer:

Verified
Correct Answer:
Verified
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