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a small isolated town, has one counsellor. For a 45-minute consultation, the counsellor charges an adult twice as much as a senior. If the counsellor
a small isolated town, has one counsellor. For a 45-minute consultation, the counsellor charges an adult twice as much as a senior. If the counsellor decided to charge everyone the maximum price that he or she would be willing to pay, what would be the consumer surplus? Would the market for counselling services in Beechdale be efficient? Question content area bottom Part 1 If the counsellor decided to charge everyone the maximum price that he or she would be willing to pay, the consumer surplus would equal $enter your response here. Part 2 If the counsellor decided to charge everyone the maximum price that he or she would be willing to pay, the market for counselling services would be _______. A. efficient because a deadweight loss is created B. inefficient because a deadweight loss is created C. either efficient or inefficient depending on the price the counsellor charges D. inefficient because no deadweight loss is created E. efficient because no deadweight loss is created
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