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Table 7-6
During the Last Two Days, Harry Purchased a Latte

Question 133

Multiple Choice

Table 7-6
During the last two days, Harry purchased a latte from two different stores. The table below shows Harry's willingness to pay on each day and his consumer surplus from each purchase.


 Harry’s Willingness to Pay  (Dollars)   Harry’s Consumer Surplus  (Dollars)   First Day 5.502.00 Second Day 2.000.50\begin{array} { | c | c | c | } \hline & \begin{array} { c } \text { Harry's Willingness to Pay } \\\text { (Dollars) }\end{array} & \begin{array} { c } \text { Harry's Consumer Surplus } \\\text { (Dollars) }\end{array} \\\hline \text { First Day } & 5.50 & 2.00 \\\hline \text { Second Day } & 2.00 & 0.50 \\\hline\end{array}
-Refer to Table 7-6. The price that Harry paid for a latte on the first day is


A) $3.5.
B) $5.
C) $0.
D) $5.5.

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