Question

Table 4-2
ConsumerWillingness to Pay
Anya$24
Basil20
Celeste15
Dralon12
Esther7

Refer to Table 4-2. The table above lists the highest prices five consumers are willing to pay for a theater ticket. If the price of one ticket rises from $10 to $19
A) only three tickets will be sold.
B) consumer surplus decreases from $31 to $6.
C) consumer surplus increases from $44 to $71.
D) no one will buy a ticket.

Answer

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