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Author Question: The above figure shows the market demand curve for telecommunication while driving one's car (time ... (Read 339 times)

@Brianna17

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on: Jun 18, 2019


The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone). The current price is $0.35 per minute. If the price were to increase by ten cents per minute, consumer surplus would
◦ fall by $84.
◦ fall to $369.
◦ fall by $58.
◦ fall to $820.
Microeconomics ¦ Perloff ¦ 8th Edition
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Marked as best answer by @Brianna17 on Jun 18, 2019

livaneabi

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Reply #1 on: Jun 18, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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@Brianna17

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Reply #2 on: Jun 18, 2019
Excellent


livaneabi

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Reply #3 on: Jun 18, 2019
Great! Please up vote :D


nautica902

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Reply #4 on: Jun 18, 2019


The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone). At the current price of $0.35 per minute, consumer surplus equals
◦ $1,225.50.
◦ $924.50.
◦ $1,250.00.
◦ $301.00.


mmpiza

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Reply #5 on: Jun 18, 2019
$924.50.


khang

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Reply #6 on: Jun 18, 2019


The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone). If the price were zero, consumer surplus equals
◦ $924.50.
◦ $301.00.
◦ $1,250.00.
◦ $1,225.50.


krakiolit

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Reply #7 on: Jun 18, 2019
$1,250.00.


khang

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Reply #8 on: Jun 18, 2019
Thank you!


krakiolit

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Reply #9 on: Jun 18, 2019
Always glad to help...


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