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Andru [333]
3 years ago
14

Suppose that the price of a cupcake is $4. At this price, 50 cupcakes will be demanded. If the price rises to $5 per cupcake, co

nsumer surplus will
Business
1 answer:
Serggg [28]3 years ago
5 0

Answer: fall by less than $50.

Explanation:

The options are:

• fall by more than $50.

• fall by less than $50.

• rise by less than $50.

• rise by more than $50.

Expert Answer

Consumer surplus, is referred to as the economic measure of the excess benefit that a customer gets. The consumer surplus is the difference between the amount that the customer is willing to pay and the amount that he or she eventually pays.

Based on the question, the total Price paid is: 50 × $4 = $200

Total Revised Price = 50 × $5 = $250

Therefore, there will be a fall by $50 that's ($250 - $200).

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Answer

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7 0
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The amount you owe in state income tax is based on:
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andreyandreev [35.5K]

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Read more on exit barrier here: brainly.com/question/2975624

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5 0
1 year ago
Enter a logical function in cell F5 that calculates employee FICA withholding. If the employee is full-time and has at least one
mixer [17]

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Explanation

Check attachment for the given data and solution data

3 0
3 years ago
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mash [69]

Answer:

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