Popular and classic movies are shown on some channels like Orbit, Showtime, and ART Cable Networks. These networks are available on basic tiers through satellite providers but several major cable companies make these networks available only to customers who want to pay extra each month to watch them. If Tamer chooses to pay the additional fee and Hussein does not, then
A) Hussein has gained some consumer surplus by not having to pay the additional fee.
B) Tamer's demand for classic movies is more price elastic than Hussein's demand.
C) Tamer has lost some consumer surplus by paying the additional fee.
D) Hussein's demand for classic movies is more price elastic than Tamer's demand.
Correct Answer:
Verified
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