Question
Dina buys an iPhone for $150 and gets a consumer surplus of $200. Her willingness to pay for an iPhone is._ $ _______ If she
Dina buys an iPhone for $150 and gets a consumer surplus of $200.
Her willingness to pay for an iPhone is._$_______
If she had bought the iPhone on sale for $100, her consumer surplus would have been. $____
If the price of the iPhone had been $450, her consumer surplus would have been. $______
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
