Determine the amount of consumer surplus generated in each of the following situations
Chapter 0, Problem 8(choose chapter or problem)
Determine the amount of consumer surplus generated in each of the following situations. a. Leon goes to the clothing store to buy a new T-shirt, for which he is willing to pay up to $10. He picks out one he 526 section 9 Behind the Demand Curve: Consumer Choice likes with a price tag of exactly $10. When he is paying for it, he learns that the T-shirt has been discounted by 50%. b.Alberto goes to the CD store hoping to find a used copy of Nirvanas Greatest Hits for up to $10. The store has one copy selling for $10, which he purchases. c. After soccer practice, Stacey is willing to pay $2 for a bottle of mineral water. The 7-Eleven sells mineral water for $2.25 per bottle, so she declines to purchase it.
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