Question
Yuri's demand for ice cream is much less elastic than Aya's demand for ice cream. Both individuals decide to get 2 servings for $3 each.
Yuri's demand for ice cream is much less elastic than Aya's demand for ice cream. Both individuals decide to get 2 servings for $3 each. This implies that
Select one:
Yuri's consumer surplus must be equal to Aya's consumer surplus.
Yuri's producer surplus must be larger than Aya's producer surplus.
Yuri's marginal benefit from the last unit must be greater than Aya's marginal benefit from the last unit.
Yuri's consumer surplus must be smaller than Aya's consumer surplus.
Yuri's marginal benefit from the last unit must be less than Aya's marginal benefit from the last unit..
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