Assume that there are four consumers A, B, C, and D, and the prices that each of them is willing to pay for a glass of lemonade is, respectively. $2.50, $2.25, $2.00, and $1.75. If the actual price of lemonade Is $1.50 per glass, then consumer surplus in this market will be Multiple Cholce $2. 50. $1.50. $1.00. $3.25. $4.50. O O O O

Assume that there are four consumers A, B, C, and D, and the prices that each of them is willing to pay for a glass of lemonade is, respectively. $2.50, $2.25, $2.00, and $1.75. If the actual price of lemonade Is $1.50 per glass, then consumer surplus in this market will be Multiple Cholce $2. 50. $1.50. $1.00. $3.25. $4.50. O O O O

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 8SQ

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