Table 7-4
For each of the three potential buyers of apples, the table displays the willingness to pay for Bob, Sasha, and Eric, who are the only three buyers of apples. Assume that only three apples can be supplied per day.
-Refer to Table 7-4. Who experiences the largest gain in consumer surplus when the price of an apple decreases from $1.05 to $0.75?
A) Bob
B) Sasha
C) Eric
D) Bob and Sasha experience the same gain in consumer surplus, and Eric's gain is zero
Correct Answer:
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During the last two days,
For each of the three
For each of the three
For each of the three
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