Suppose Gail is willing to pay $89 for a new pair of shoes and Karen is willing to pay $60. What is the gain in total consumer surplus if the price of the shoes falls from $70 to $50?Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer.a$10b$19c$29d$30

Natasha, Nelson, and Nikolai are all looking to buy flashlights for a camping trip. Natasha is willing to pay $4, Nelson is willing to pay $10, and Nikolai is willing to pay $20. If the actual price of a flashlight turns out to be $9, what is the total consumer surplus for these three shoppers?1 point$12$260$7

A consumer faces the following situation. Her marginal utility of a luxury good with a price of $100 is 100 utils. An alternative good has a marginal utility of 75 utils and a price of $50. What should she do if she wishes to increase her total utility?Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer.apurchase fewer of the luxury goods and more of the alternative goodsbpurchase more of the luxury goods and fewer of the alternative goodscpurchase fewer of the luxury goods and fewer of the alternative goodsdpurchase more of the luxury goods and more of the alternative goods

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

An increase in supply will do which of the following in a market with an effective price ceiling?Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer.aincrease the quantity exchanged in the marketbdecrease the quantity exchanged in the marketcincrease the price

You are a dog walker. You are willing to accept as low as $12 per dog walk. Your neighbor has a dog and she is willing to pay as much as $15 per walk.Suppose, instead, you walk her dog for $13. In this case, what is the TOTAL SURPLUS associated with this dog walk? Remember total surplus equals consumer surplus plus producer surplus (just enter numerals, no dollar signs or words)