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Question Completion Status: Moving to another question will save this response. >> Question 7 2 points Save Answer In the market for good XYZ there
Question Completion Status: Moving to another question will save this response. >> Question 7 2 points Save Answer In the market for good XYZ there are 5 consumers and 5 producers. Each consumer will buy at most one unit of the good. Their willingness to pay are as follows: DALE: $1,500, JILL: $1,200, DENISE: $1,000, CATHERINE: $750, and JACKSON: $500. We have no information about the producers' costs. Which of the following is consistent with the market of XYZ being in equilibrium? O The price is $1250, the total consumer surplus is $300. The price is $800, the total consumer surplus is $1000. The price is $800, the total consumer surplus is $1300. The price is $1100, the total consumer surplus is $600. O Depending on supply conditions, any of the above can be consistent with the market of XYZ being in equilibrium. > Moving to another question will save this response.
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