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The only four consumers in a market have the following willingness to pay for a good: Buyer Willingness to Pay Carlos Quilana Wilbur Ming-la $15 $25 $35 $45 Refer to Table 7-1. If the market price for the good is $30, then consumer surplus in the market is a. $20, and Wilbur and Ming-la purchase the good b. $20, and Carlos and Quilana purchase the good c. $30, and Wilbur and Ming-la purchase the good d. $23, and Carlos and Quilana purchase the good The only four consumers in a market have the following willingness to pay for a good: Buyer Willingness to Pay Carlos Quilana Wilbur Ming-la $15 $25 $35 $45 Refer to Table 7-1. If the market price for the good is $30, then consumer surplus in the market is a. $20, and Wilbur and Ming-la purchase the good b. $20, and Carlos and Quilana purchase the good c. $30, and Wilbur and Ming-la purchase the good d. $23, and Carlos and Quilana purchase the good
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Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
Posted Date:
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