Table 7-8
During the last two days, Chad purchased a latte from two different stores. The table below shows Chad's willingness to pay on each day and his consumer surplus from each purchase.
-Refer to Table 7-8. The price that Chad paid for a latte on the first day is
A)$3.75.
B)$6.25.
C)$5.00.
D)$5.50.

Question

Table 7-8
During the last two days, Chad purchased a latte from two different stores. The table below shows Chad's willingness to pay on each day and his consumer surplus from each purchase. 
-Refer to Table 7-8. The price that Chad paid for a latte on the first day is
A)$3.75. 
B)$6.25. 
C)$5.00. 
D)$5.50.

Quizplus · Accepted Answer

The Answer of Table 7-8
During the last two days, Chad purchased a latte from two different stores. The table below shows Chad's willingness to pay on each day and his consumer surplus from each purchase. 
-Refer to Table 7-8. The price that Chad paid for a latte on the first day is
A)$3.75. 
B)$6.25. 
C)$5.00. 
D)$5.50.

Table 7-8 During the Last Two Days, Chad Purchased a Latte from Latte