Table 4-D
Miles demands jazz CDs according to the following demand schedule:
$$\begin{array} { c c }
\text { Price af jazz CDs } & \text { Qurantity of jazz CDs } \
\$ 30 & 1 \
\$ 25 & 2 \
\$ 20 & 3 \
\$ 15 & 4 \
\$ 10 & 5
\end{array}$$
-Refer to Table 4-D.If in the schedule, consumer surplus equals $5, the market price of a jazz CD is:
A)$10.
B)$15.
C)$20.
D)$25.
E)$30.

Question

Table 4-D
Miles demands jazz CDs according to the following demand schedule:
 $$\begin{array} { c c } 
\text { Price af jazz CDs } & \text { Qurantity of jazz CDs } \
\$ 30 & 1 \
\$ 25 & 2 \
\$ 20 & 3 \
\$ 15 & 4 \
\$ 10 & 5
\end{array}$$
-Refer to Table 4-D.If in the schedule, consumer surplus equals $5, the market price of a jazz CD is:
A)$10.
B)$15.
C)$20.
D)$25.
E)$30.

Quizplus · Accepted Answer

The Answer of Table 4-D
Miles demands jazz CDs according to the following demand schedule:
 $$\begin{array} { c c } 
\text { Price af jazz CDs } & \text { Qurantity of jazz CDs } \
\$ 30 & 1 \
\$ 25 & 2 \
\$ 20 & 3 \
\$ 15 & 4 \
\$ 10 & 5
\end{array}$$
-Refer to Table 4-D.If in the schedule, consumer surplus equals $5, the market price of a jazz CD is:
A)$10.
B)$15.
C)$20.
D)$25.
E)$30.

Table 4-D Miles Demands Jazz CDs According to the Following

Table 4-D
Miles Demands Jazz CDs According to the Following