Refer to the table above. If only the two highest-value buyers ...

[jlmhmf]

Refer to the table above. If only the two highest-value buyers and the two least-cost sellers engage in trade, what is the social surplus?
 
  A) 6
  B) 10
  C) 12
  D) 20

Question 2

Refer to the figure above. What is the change in total revenue due to a price increase from 3 to 5?
 
  A) The total revenue increases by 100.
  B) The total revenue decreases by 100.
  C) The total revenue increases by 200.
  D) The total revenue decreases by 200.

[meganmoser117]

Answer to Question 1

B

Answer to Question 2

C

[jlmhmf]

Thanks for the timely response, appreciate it

[matt95]

TYSM