A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2023 · Q71 Mark
A family is willing to pay a maximum of $600, $500 and $400 for air tickets for the mother, father and daughter to attend a wedding in another city. The airline announces a promotional air fare of $450 per ticket, provided at least three tickets are purchased. What will be the consumer surplus gained by the family if they use the promotional offer?
A$100
B$150
C$200
D$250
✓ Correct answer
B: $150
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