From the previous graph, you can tell that Darnell is willing to pay $_____ for his 8th
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From the previous graph, you can tell that Darnell is willing to pay $_____ for his 8th slice of apple pie each week. Because he has to pay only $1.25 per slice, the consumer surplus he gains from the 8th slice of apple pie is $____.
Suppose the price of apple pie were to fall to $1.00 per slice. At this lower price, Darnell would receive a consumer surplus of $____ from the 8th slice of apple pie he buys.
The following graph shows the weekly market demand for apple pie in a small economy.
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