↑ConsumerOC. 120OD $53Wingness to Pay$503015CutyMoeLaryThe table above Inis the highest prices three consumers, Cully Moe and Larry, are willing to pay for a bottle of champagne if the price of one of the boites es $27 dollars, total consumer surplus will beOA 50OB SH

Consumer surplus is the difference between consumer's willingness to pay and actual price of the…

Moe 30 15 The table above Inis the highest prices three consumers, Culy, Moo and Larry, are wing to pay for a bottle of champagne if the price o OA 50 OB 114 COC 120 OD $53 of the boites 527 dollars, total consumer surplus will be

Moe 30 15 The table above Inis the highest prices three consumers, Culy, Moo and Larry, are wing to pay for a bottle of champagne if the price o OA 50 OB 114 COC 120 OD $53 of the boites 527 dollars, total consumer surplus will be

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter7: Market Efficiency And Welfare

Section: Chapter Questions

Problem 2P

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Question

↑
Consumer
OC. 120
OD $53
Wingness to Pay
$50
30
15
Cuty
Moe
Lary
The table above Inis the highest prices three consumers, Cully Moe and Larry, are willing to pay for a bottle of champagne if the price of one of the boites es $27 dollars, total consumer surplus will be
OA 50
OB SH

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