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6) You are deciding what to order at Starbucks. A coffee costs $3 and a cappuccino costs $5. You value a coffee at $5 and
6) You are deciding what to order at Starbucks. A coffee costs $3 and a cappuccino costs $5. You value a coffee at $5 and a cappuccino at $8. You only want to order one drink. After you buy your preferred drink, what is your consumer surplus? A) $2 B) $3 C) $5 DJ SB Show Transcribed Text C 7) Use this graph to answer the following question: P P. Quantity There is currently a price ceiling of Pe. If the price ceiling is removed, which of the following expressions is equal to the change in consumer surplus? A) A - BLE B) A -B - C C) A +B - C-E D) E- F E) E - C
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