Assume that there are four consumers a, b, c, and d, and the prices that each of them is willing to pay for a glass of lemonade is, respectively, $1.50, $1.20, $1.00, and $0.90. if the actual price of lemonade is $1.00 per glass, then consumer surplus in this market will be $0.70.

The consumer surplus in this market will be $0.70. This is false.

Step-by-step explanation:

There are four consumers A, B, C, and D.

The consumers are willing to pay for a glass of lemonade as $1.50, $1.20, $1.00, and $0.90 respectively.

The actual price of lemonade is $1.00 per glass. So, the consumer surplus in this market will be = $0.60

Hence, the given condition is False.

3/5

step-by-step explanation:

double number line is not a standard concept, so it must have been defined in your textbook. assume top line is numerator.

she will travel a distance in the range of 3 - 11 miles