Refer to Table 4-2. The table above lists the highest prices five consumers are willing to pay for a theater ticket. If the price of one ticket is $25
A) no one will buy a ticket.
B) Anya's consumer surplus is $1.
C) everyone will buy a ticket.
D) consumer surplus will be maximized.
A
Economics
You might also like to view...
What happens when you withdraw cash from a bank?
A) The bank's reserves are reduced. B) The bank's reserves are increased. C) The bank's reserves are not affected. D) The bank's total reserves remain unchanged but the composition of required reserves and excess reserves change.
Economics
If land is suitable for producing crops, it is _____.
(A) Malnutrition (B) Arable (C) Arid (D) A marsh
Economics