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Business, 28.01.2020 00:31 balancingmist1954
There are 100 consumers, each of whom values a concert ticket at a unique whole number dollar amount between $1 and $100. one customer is willing to pay $1, a second is willing to pay $2, a third is willing to pay $3, and so on. an unlimited number of concert tickets are on sale for $15 each. create a simple demand curve to represent this scenario and using that curve calculate the total consumer surplus. what is the total consumer surplus in this market?
a) $3,612.50
b) $4.250.00
c) $4,887.50
d) $5,000.00
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There are 100 consumers, each of whom values a concert ticket at a unique whole number dollar amount...
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