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i need help with the following questions please 1. Table: Willingness to Pay for Basketball Sneakers Consumer 1Willingness to Pm? J amichael $150 Corey 140

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i need help with the following questions please

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1. Table: Willingness to Pay for Basketball Sneakers Consumer 1Willingness to Pm? J amichael $150 Corey 140 Rudy 120 Ray 100 J 511/011 30 Reference: Ref 4-1 (Table: Willingness to Pa}.r for Basketball Sneakers) little price of basketball sneakers is $180, how many pairs will be purchased? 03. 0 Oh. 3 Dc. 1 0d. 2 2. Mark and Rasheed are at the bookstore buying new calculators for the semester. Mark is willing to pa}.r $76 and Rasheed is Willing to pay $100 for a graphing calculator. The price for a calculator at the bookstore is $65. How much is total consumer surplus? Oa. $60 Ob. $10 Go. $35 Od. $45 3. Figure: Market Demand Price c E Gummy (Per Periad} Reference: Ref 43 (Figure: Market Demand) look at the gure Market Demand. The amount by which the total benets to consumers exceed their total expenditure is called , and if the price is B, is depicted by the area 0 a. producer surplus; BCD O b. consumer surplus; 0CDE O :3. net benet; OBDE O :1. consumer surplus; BCD 4. An increase in the consumer surplus in the market for milkshakes may result from: O a. an increase in the supply of milkshakes. O b. an increase in the price of milkshakes. O c. a decrease in the supply of milkshakes. 0 d. a decrease in the demand for milkshakes.

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