In the market for a particular pair of sunglasses, Eboni is willing to pay $90 for a pair while Alexa is willing to pay $110 for a pair. The actual price that each has to pay for a pair of sunglasses is $45. What is the combined amount of consumer surplus of Eboni and Alexa?

In the market for a particular pair of sunglasses, Eboni is willing to pay $90 for a pair while Alexa is willing to pay $110 for a pair. The actual price that each has to pay for a pair of sunglasses is $45. What is the combined amount of consumer surplus of Eboni and Alexa?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In the market for a particular pair of sunglasses, Eboni is willing to pay $90 for a
pair while Alexa is willing to pay $110 for a pair. The actual price that each has to
pay for a pair of sunglasses is $45. What is the combined amount of consumer
surplus of Eboni and Alexa?
Your Answer:

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