Suppose that the price of a bagel is $1.50 each. Leo is willing to pay $4.50 for a bagel. Isa is willing to pay $2.80 for a bagel. Angelica is willing to pay $1.50 for a bagel. Brian is willing to pay $1.20 for a bagel. Ramiro is willing to pay $0.75 for a bagel. What is the total consumer surplus from the consumption of bagels?
a) $0.25
b) -$1.05
c) $1.30
d) $4.30
e) $7.75
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Suppose that the price of a bagel is $1.50 each. Leo is willing to pay $4.50 for a bagel. Isa is wil...
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