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Q2. (6 points) George's total Willingness to pay schedule for sunglasses is 160 dollars for 1 pair 160 dollars for 2 pairs 160 dollars for
Q2. (6 points) George's total Willingness to pay schedule for sunglasses is 160 dollars for 1 pair 160 dollars for 2 pairs 160 dollars for 3 pairs 160 dollars for 4 pairs 160 dollars for 5 pairs The price of a pair of sunglasses is $20. a) (3 points) How much money will George spend on sunglasses? (Please remember to ShOW your work!) b) (2 points) Draw George's demand curve for pairs of sunglasses. c) (1 point) If George rst gets two pairs of sunglasses for free (as a gift), how much money will he then spend on purchasing additional pairs of sunglasses? Continue to assume that the price of each pair of sunglasses is $20
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