Multiple Choice
Fred's demand schedule for movie DVDs is as follows: At $30, he would buy 1; at $25, he would buy two; at $15, he would buy 3; and at $10, he would buy 4.If the price of movie DVDs equals $25, the consumer surplus Fred receives from purchasing movie DVDs would be:
A) zero.
B) $5.
C) $25.
D) $55.
E) $70.
Correct Answer:
Verified
Correct Answer:
Verified
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