Exhibit 6.3

-Refer to Exhibit 6.3,which shows the demand curve for neckties.At point a,consumer surplus is _____

Name: Exhibit 6.3 -Refer to Exhibit 6.3,which shows the demand curve for neckties.At point a,consumer surplus is _____
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Question

Exhibit 6.3
 
-Refer to Exhibit 6.3,which shows the demand curve for neckties.At point a,consumer surplus is _____

Quizplus · Accepted Answer

At point a, the consumer is willing to pay $10 for one necktie but is able to purchase it for $4, resulting in a consumer surplus of $6.

Exhibit 6.3 -Refer to Exhibit 6.3,which Shows the Demand Curve for Neckties.At