Multiple Choice
Table 7-2
-Refer to Table 7-2. If the price is $22, then consumer surplus in the market is
A) $44, and Ava and Biyu purchase the good.
B) $72, and Carlos and Keira purchase the good.
C) $22, and Keira, Ava, and Biyu purchase the good.
D) $48, and Carlos, Keira, Ava, and Biyu purchase the good.
Correct Answer:
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For each of the three
For each of the three