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Author Question: If Debbye is willing to pay 50 for a pair of shoes but only has to pay 20 because the shoes are on ... (Read 127 times)

stephzh

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  • Posts: 556
on: Jul 1, 2018
If Debbye is willing to pay 50 for a pair of shoes but only has to pay 20 because the shoes are on sale, then her consumer surplus on that pair of shoes is
 a. 50
  b. 20
  c. 70
  d. 30
  e. 25

Question 2

The market demand curve is the sum of individual quantities demanded at each price.
 a. True
  b. False


diesoon

  • Sr. Member
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  • Posts: 353
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


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