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Fred's Demand Schedule for Movie DVDs Is as Follows: at $30

Question 115

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.

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