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    Exam 4: Coordinating Smart Choices: Demand and Supply
  5. Question
    Figure 4.5.1 -Look at the Demand Curve in Figure 4.5.1. If the If
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Figure 4.5.1 -Look at the Demand Curve in Figure 4.5.1. If the If

Question 1

Question 1

Multiple Choice

  Figure 4.5.1 -Look at the demand curve in Figure 4.5.1. If the price of the product is $4, what is the consumer surplus from the 3rd unit? A)  $0 B)  $1 C)  $2 D)  $3 E)  $4
Figure 4.5.1
-Look at the demand curve in Figure 4.5.1. If the price of the product is $4, what is the consumer surplus from the 3rd unit?


A) $0
B) $1
C) $2
D) $3
E) $4

Correct Answer:

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