Answer the following statement true (T) or false (F)
False
Refer to Figure 4-1. If the market price is $3.00, what is Kendra's consumer surplus?
A) $6.50 B) $5.50 C) $2.50 D) $0.50
Refer to the figure above. If A forms a customs union with C, the post agreement price will be
A) $10 B) $15 C) $20 D) $25
