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Refer to Table 5.2. The table above lists the highest prices five consumers are willing to pay for a theatre ticket. If the price of one of the tickets is $10, ___________.Correct!  everyone will buy a ticket except for Esther   only Anya and Basil will buy tickets   Celeste’s consumer surplus is $25   the total consumer surplus from the purchase of tickets will be $61  Question 5Tips0 / 1 ptsFigure 5.3 Figure 5.3 shows the market for tiger shrimp. The market is initially in equilibrium at a price of $15 and a quantity of 80. Now suppose producers decide to cut output to 40 in order to raise the price to $18.Refer to Figure 5.3. The value of the dead-weight loss at a price of $18 is ________.Correct answer  $100 You Answered  $180   $660   $1 040 Quiz score: 4 out of 5PreviousNextSubmission details:Time: 19 minutesCurrent score: 4 out of 5Kept score: 4 out of 5

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Refer to Table 5.2. The table above lists the highest prices five consumers are willing to pay for a theatre ticket. If the price of one of the tickets is 10, ___________.Correct!  everyone will buy a ticket except for Esther   only Anya and Basil will buy tickets   Celeste’s consumer surplus is 25   the total consumer surplus from the purchase of tickets will be 61 Question5Tips0/1ptsFigure5.3 Figure5.3showsthemarketfortigershrimp.Themarketisinitiallyinequilibriumatapriceof61  Question 5Tips0 / 1 ptsFigure 5.3 Figure 5.3 shows the market for tiger shrimp. The market is initially in equilibrium at a price of 15 and a quantity of 80. Now suppose producers decide to cut output to 40 in order to raise the price to 18.RefertoFigure5.3.Thevalueofthedeadweightlossatapriceof18.Refer to Figure 5.3. The value of the dead-weight loss at a price of 18 is ________.Correct answer  100YouAnswered 100 You Answered  180   660 660   1 040 Quiz score: 4 out of 5PreviousNextSubmission details:Time: 19 minutesCurrent score: 4 out of 5Kept score: 4 out of 5

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Question 10Not answeredMarked out of 2.50Flag questionTipsMCQConsumerWillingness to PayAnya$24Basil$20Celeste$15Dralon$12Esther$7The table above lists the highest prices five consumers are willing to pay for a theatre ticket. If the price of one ticket rises from $10 to $19, __________.Question 10Answera.only three tickets will be soldb.no one will buy a ticketc.consumer surplus decreases from $31 to $6d.consumer surplus increases from $44 to $71

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Suppose the price of a TV is $600 and that there are two consumers in the TV market. Joe is willing to pay $700, and Isaac is willing to pay $550. How much consumer surplus exists in this market?$100$75$50$150

Adele is set to go on a massive music tour throughout 2016. She performed 6 concerts at the O2 Arena in London. The arena has a capacity of 20,000 people and tickets were originally sold for $85 per ticket. All 6 concerts were sold out without any scalping (people who sell on tickets to consumers to make a profit) and the maximum a consumer was willing to pay per concert was $117 per ticket (where total tickets sold would = 0 if the ticket price was any more). Assuming a linear demand curve, what was the consumer surplus from one concert only? Answer to the nearest whole number (with no decimal places).

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