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1.Please watch the following video and answer the questions below: The video link: https://mru.org/courses/dictionary-economics/consumer-surplus-definition Comprehension Questions - Consumer Surplus Erika is walking around a big
1.Please watch the following video and answer the questions below:
The video link: https://mru.org/courses/dictionary-economics/consumer-surplus-definition
Comprehension Questions - Consumer Surplus
- Erika is walking around a big department store when she finds a shirt that she really loves. The price tag is torn off, so she can't find the price. She decides that as long as the shirt is less than $40, she will buy it. When she goes to the register, she discovers that the shirt originally cost $50, but it's on sale for $32. Which of the following is true about Erika's consumer surplus.
- If Erika buys the shirt, she will have a consumer surplus of $32.
- Erika should not buy the shirt because her consumer surplus would be -$10.
- If Erika buys the shirt, she will have a consumer surplus of $18.
- If Erika buys the shirt, she will have a consumer surplus of $10.
- If Erika buys the shirt, she will have a consumer surplus of $8.
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