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Business, 25.12.2019 05:31 triddi666

He schedule below represents the willingness of a typical consumer to pay for wine in a year. suppose there are 10,000 identical consumers in the community. price per bottle of wine bottles of wine consumed per year $50 1 $40 2 $30 3 $20 4 $10 5 refer to exhibit 7-5. if the market price of wine is $30, the total consumer surplus for the community equals:

a. $30,000.
b. $60,000.
c. $50,000.
d. $20,000.

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