Table 7-9
During the last two days, Chad purchased a latte from two different stores. The table below shows Chad's willingness to pay on each day and his consumer surplus from each purchase.
-Refer to Table 7-9. The price that Chad paid for a latte on the first day is
A) $3.75.
B) $6.25.
C) $5.00.
D) $5.50.
Correct Answer:
Verified
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During the last two days, Chad
For each of three potential buyers