【单选题】Refer to Exhibit 7-1. If in the schedule, total consumer surplus equals $5, the market price of a jazz CD is: Price of Jazz CDs Quantity of Jazz CDs $30 1 $25 2 $20 3 $15 4 $10 5
【单选题】Refer to Exhibit 7-1. If the price of the jazz CDs equals $20, the consumer surplus Miles receives from purchasing jazz CDs is: Price of Jazz CDs Quantity of Jazz CDs $30 1 $25 2 $20 3 $15 4 $10 5
【单选题】Refer to Exhibit 7-2. What is the consumer surplus of the 2nd unit consumed assuming this market reaches equilibrium? Price Quantity Demanded Quantity Supplied $1.00 7 1 $2.00 6 2 $3.00 5 3 $4.00 4 4 ...