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If a consumer places a value of $200 on a plane ticket to Florida and if the price of the ticket is $250, then the
If a consumer places a value of $200 on a plane ticket to Florida and if the price of the ticket is $250, then the
| a. | consumer has consumer surplus of $50 if he buys the good. |
| b. | consumer does not purchase the good. |
| c. | price of the good will rise due to market forces. |
| d. | market is out of equilibrium. |
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Business A Changing World
Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
10th edition
1259179397, 978-1259179396
