Adam is willing to buy a bottle f water at the price of $2/bottle. Bryan is willing to buy three bottles of water at the price of $1.5/bottle. Cathy is willing to buy two bottles of water at the price of $1.75/bottle. The market price is $1.75/bottle. What is the consumer surplus? O $0.25 O $0.15 O $1.75 O $2

Adam is willing to buy a bottle f water at the price of $2/bottle. Bryan is willing to buy three bottles of water at the price of $1.5/bottle. Cathy is willing to buy two bottles of water at the price of $1.75/bottle. The market price is $1.75/bottle. What is the consumer surplus? O $0.25 O $0.15 O $1.75 O $2

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter3: Market Demand And Supply

Section3.A: Consumer Surplus, Proudcer Suplus, And Market Efficency

Problem 2SQ

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