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Lauren1 Lauren1
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Posts: 4120
Rep: 12 0
9 years ago
Four people each have a different willingness to pay for one unit of a good: George will pay $15, Glen will pay $12, Tom will pay $10, and Peter will pay $8. If price is equal to $9 per unit then the quantity demanded in the market will be ________ and the consumer surplus for this unit will be ________.
A) 3; $10
B) 3; $37
C) 3; $36
D) 4; $8
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MrDerecheMrDereche
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#1
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Posts: 4095
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9 years ago
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Lauren1 Author
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#2
9 years ago
Thank you, this really, really helps Heavy Heart
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#3
9 years ago
You're welcome!
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#4
3 years ago
thank you
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