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Suppose I Buy 3 Cups of Coffee at the Price

Question 48

Multiple Choice

Suppose I buy 3 cups of coffee at the price of $1 each. I would have been willing to pay $3 for that marvelous first cup, pay even $2 for the second cup, and $1-the market price-for the third cup. My consumer surplus is


A) $6
B) $5
C) $3
D) $2
E) $1

Correct Answer:

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