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Question: A college student enjoys eating pizza. Her willingness to pay for each slice is shown in the following table:

2479_Pizza.png

a. If pizza slices cost $3 each, how many slices will she buy? How much consumer surplus will she enjoy?

b. If the price of slices falls to $2, how much consumer surplus will she enjoy?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92289487

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