Add the following - 62 + (- 65)=
2 answers:
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Answer:
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.