2006190043
Answered

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Refer to Table 7-2. Which of the following is not true? a. At a price of $9.00, no buyer is willing to purchase Vanilla Coke. b. At a price of $5.50, Megan is indifferent between buying a case of Vanilla Coke and not buying one. c. At a price of $4.00, total consumer surplus in the market will be $9.00. d. All of the above are correct.

Sagot :

anthougo

The TRUE statement based on Table 7-2, which is attached, is d. All of the above are correct.

  • The willingness to buy or pay is a measure of the market value that each buyer will put on the Vanilla Coke.

In this market:

  • No buyer wants a case of vanilla at $9.00 because David offers $8.50 as the highest
  • Megan wants a case of vanilla coke at $5.50
  • Audrey wants a case of vanilla at $3.50

  • Consumer surplus equals to the amount a consumer is willing to pay for a case of the Vanilla Coke and the actual amount that the consumer paid.

Thus, there is no statement that is NOT true; all the statements are correct.

Learn more: https://brainly.com/question/20305328

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