Use the following to answer question:
-(Table: Consumer Surplus) Use Table: Consumer Surplus.Assume that each student wants to buy one ticket.If the price of a ticket to see The Nutty Nutcracker is $75 and there is no other market for tickets,the total consumer surplus for the five students is:
A) $190.
B) $125.
C) $40.
D) $0.
Correct Answer:
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Q4: The total consumer surplus for good X
Q5: A consumer's willingness to pay reflects the:
A)maximum
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