Table 5-4
Price
Quantity
in $
Demanded
80
1
70
2
60
3
50
4
40
5
30
6
20
7
10
8
?
Table 5-4 shows the demand schedule for concert tickets for a particular consumer. What will be this consumer’s surplus if the price of tickets is $50?
A. $200
B. $60
C. $260
D. $210
Answer: B
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