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Table 4-1 -Refer to Table 4-1.The Table Above Lists the Highest Prices

Question 5

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Table 4-1
 
-Refer to Table 4-1.The table above lists the highest prices three consumers, Tom, Dick, and Harriet, are willing to pay for a short-sleeved polo shirt.If the price of one of the shirts is $28 dollars,
A)Tom will buy two shirts, Dick will buy one shirt and Harriet will buy no shirts. 
B)Tom will receive $12 of consumer surplus from buying one shirt. 
C)Tom and Dick receive a total of $70 of consumer surplus from buying one shirt each. Harriet will buy no shirts. 
D)Harriet will receive $25 of consumer surplus since she will buy no shirts.

Table 4-1
Table 4-1    -Refer to Table 4-1.The table above lists the highest prices three consumers, Tom, Dick, and Harriet, are willing to pay for a short-sleeved polo shirt.If the price of one of the shirts is $28 dollars, A) Tom will buy two shirts, Dick will buy one shirt and Harriet will buy no shirts. B) Tom will receive $12 of consumer surplus from buying one shirt. C) Tom and Dick receive a total of $70 of consumer surplus from buying one shirt each. Harriet will buy no shirts. D) Harriet will receive $25 of consumer surplus since she will buy no shirts.
-Refer to Table 4-1.The table above lists the highest prices three consumers, Tom, Dick, and Harriet, are willing to pay for a short-sleeved polo shirt.If the price of one of the shirts is $28 dollars,


A) Tom will buy two shirts, Dick will buy one shirt and Harriet will buy no shirts.
B) Tom will receive $12 of consumer surplus from buying one shirt.
C) Tom and Dick receive a total of $70 of consumer surplus from buying one shirt each. Harriet will buy no shirts.
D) Harriet will receive $25 of consumer surplus since she will buy no shirts.

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