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Table 4-2 Consumer Willingness to Pay Violet $48 Walter 40 Xavier 30 Yolanda 24 Zachary 14 Refer to Table 4-2. The table above lists the
Table 4-2 Consumer Willingness to Pay Violet $48 Walter 40 Xavier 30 Yolanda 24 Zachary 14 Refer to Table 4-2. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one ticket falls from $50 to $20 O only three tickets will be sold. O everyone will buy a ticket. O consumer surplus increases from $0 to $62. O consumer surplus decreases from $48 to $24
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