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Consumer Maximum Price Actua Willing to Pay (Equilibrium Price) A $ 80 $ 52 B 70 52 C 52 52 D 48 52 Refer to the provided table. If the price is $52, total consumer surplus Multiple Choice will not change. will increase. will decrease by $52. will decline.

Consumer Maximum Price Actua Willing to Pay (Equilibrium Price) A $ 80 $ 52 B 70 52 C 52 52 D 48 52 Refer to the provided table. If the price is $52, total consumer surplus Multiple Choice will not change. will increase. will decrease by $52. will decline.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Consumer Maximum Price Actual Price Willing to Pay (Equilibrium Price) A $ 80 $ 52 B 70 52 C 52 52 D 48 52 Refer to the provided table. If the price is $52, total consumer surplus Multiple Choice О will not change. will increase. О will decrease by $52. О will decline.
Transcribed Image Text:Consumer Maximum Price Actual Price Willing to Pay (Equilibrium Price) A $ 80 $ 52 B 70 52 C 52 52 D 48 52 Refer to the provided table. If the price is $52, total consumer surplus Multiple Choice О will not change. will increase. О will decrease by $52. О will decline.
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