2006190043idn
Answered

IDNLearn.com offers expert insights and community wisdom to answer your queries. Our experts provide accurate and detailed responses to help you navigate any topic or issue with confidence.

Refer to Table 7-2. Which of the following is not true? a. At a price of $9.00, no buyer is willing to purchase Vanilla Coke. b. At a price of $5.50, Megan is indifferent between buying a case of Vanilla Coke and not buying one. c. At a price of $4.00, total consumer surplus in the market will be $9.00. d. All of the above are correct.

Sagot :

Anthougoidn

The TRUE statement based on Table 7-2, which is attached, is d. All of the above are correct.

  • The willingness to buy or pay is a measure of the market value that each buyer will put on the Vanilla Coke.

In this market:

  • No buyer wants a case of vanilla at $9.00 because David offers $8.50 as the highest
  • Megan wants a case of vanilla coke at $5.50
  • Audrey wants a case of vanilla at $3.50

  • Consumer surplus equals to the amount a consumer is willing to pay for a case of the Vanilla Coke and the actual amount that the consumer paid.

Thus, there is no statement that is NOT true; all the statements are correct.

Learn more: https://brainly.com/question/20305328

View image Anthougo
Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Thank you for choosing IDNLearn.com for your queries. We’re here to provide accurate answers, so visit us again soon.