Table 4-5

-Refer to Table 4-5. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one ticket is $50,
A) everyone will buy a ticket.
B) consumer surplus will be maximized.
C) Violet's consumer surplus is $2.
D) no one will buy a ticket.

Question

Table 4-5
 
-Refer to Table 4-5. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one ticket is $50,
A) everyone will buy a ticket. 
B) consumer surplus will be maximized. 
C) Violet's consumer surplus is $2. 
D) no one will buy a ticket.

Quizplus · Accepted Answer

The Answer of Table 4-5
 
-Refer to Table 4-5. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one ticket is $50,
A) everyone will buy a ticket. 
B) consumer surplus will be maximized. 
C) Violet's consumer surplus is $2. 
D) no one will buy a ticket.

Table 4-5 -Refer to Table 4-5. the Table Above Lists the Highest