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Unformatted text preview: B. The wealthy in Manhattan have different tastes than the wealthy in Seattle. C. The wealthy in Manhattan are not as wealthy as the wealthy in Seattle. D. It is necessary to give up less to live in a large home in Seattle than in Manhattan. ** 4. If the market price of the ticket is $10.00, how much is the group’s consumer surplus? A. $105.00 B. $100.00 C. $90.00 D. $60.00 ** E. $55.00 Potential Consumers Reservation Price Jean $50.00 Jerry $25.00 Pat $15.00 Ari $10.00 Sam $5.00...
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This note was uploaded on 07/28/2008 for the course ECON 101 taught by Professor Balaban during the Spring '07 term at UNC.
- Spring '07