Business, 07.03.2020 02:32 krystinayagel013

Kat is willing to pay $900 for 25 bottles of grape wine. The market price of 15 boties of grape wine is $390. Because of an increasein the price of grapes, the price of grape wine increases to $450 for 15 bottles. Kat's consumer surplus has decreased A consumer has the following demand schedule for a grape wine bottle. Each bottle's price is the same as the marginal benefit by because of an increase in the price of grapes (Enter your response as a whole number.) Quantity Demandoa Price 300 240 210 Suppose the market price of a grape wine bottle is $220 per unit. Calculate the consumer surplus and the consumer's total benefit Consumer surplus is S. and the consumer's total benefit is S□ Enter your responses as whole numbers.

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Kat is willing to pay $900 for 25 bottles of grape wine. The market price of 15 boties of grape wine...

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