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 2nd unit?
A) $7
B) $3
C) $4
D) $1
E) $10
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q158: We observe a fall in the price
Q159: Supporters of "free markets" believe that<br>A) the
Q160: At the equilibrium price, business inventories are<br>A)
Q161: At the quantity of an efficient market
Q162: Voluntary exchange is competitive at heart.
Q164: Voluntary exchange is a zero-sum game.
Q165: Prices rise if supply decreases.
Q166: If workers demand a wage above the
Q167: Shortages are eliminated by<br>A) increasing quantity demanded.<br>B)
Q168: If all sellers in a market charge