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MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Figure 4.1 Price (dollars per burrito) $3.00 2.50 2.00 1.50
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Figure 4.1 Price (dollars per burrito) $3.00 2.50 2.00 1.50 1.00 Demand O 2 4 Quantity (burritos) Figure 4.1 shows Arnold's demand curve for burritos. 1) Refer to Figure 4.1. If the market price is $1.00, what is Arnold's consumer surplus? A) $1.00 B) $6.00 C) $2.00 D) $4.00 Show calculation
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