Four people each have a different willingness to pay for one unit of a good: George will pay $15, Glen will pay $12, Tom will pay $10, and Peter will pay $8. If price is equal to $9 per unit then the quantity demanded in the market will be ________ and the consumer surplus for this unit will be ________.
A: 3; $10
B: 3; $37
C: 3; $36
D: 4; $8
A: 3; $10
B: 3; $37
C: 3; $36
D: 4; $8
举一反三
- In a market, the marginal buyer is the buyer A: whose willingness to pay is higher than that of all other buyers and potential buyers. B: whose willingness to pay is lower than that of all other buyers and potential buyers. C: who is willing to buy exactly one unit of the good. D: who would be the first to leave the market if the price were any higher.
- If a consumer is willing and able to pay $15.00 for a particular good but the price of the good is $17.00,then the
- Things for young children to see while their mother is waiting to pay, for example ____. A: sweets B: unit C: letter D: people
- What is the total surplus of a market? A: the sum of consumer surplus and producer deficit B: the sum of consumer surplus and producer surplus C: the difference between the consumer surplus and producer surplus D: the difference between the highest price that a consumer is willing to pay and the lowest price that a producer is willing to sell
- They have _____ an offer of a 3% pay rise and are seeking a 4% increase.