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Calvin buys an iPhone for $140 and gets a consumer surplus of $1oo. What is his willingness to pay? If he had bought the iPhone
Calvin buys an iPhone for $140 and gets a consumer surplus of $1oo. What is his willingness to pay? If he had bought the iPhone on sale for 90, what would her consumer surplus have been? If the price of the iPhone were $600, what would his consumer surplus have been
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