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 falls from $25 to $10
A) only three tickets will be sold.
B) consumer surplus decreases from $24 to $12.
C) consumer surplus increases from $0 to $31.
D) everyone will buy a ticket.

Answer

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