Question
Amazon has a lightening deal where it slashed the price of one item. At 3:15 pm today, they announce that the item was a new
Amazon has a lightening deal where it slashed the price of one item. At 3:15 pm today, they announce that the item was a new tablet with a sales price of $150 which is less than half of the original price. What is the total surplus for the five following students. Student willingness to pay
Anthony $500
Amanda $400
Lilly $300
Fran $200
Mark $100
The total consumer surplus is $800. If the price increase from $150 to $350, what is the change in total consumer surplus?
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
