Question
Ginny buys an iPhone for $150 and gets a consumer surplus of $200. Her willingness to pay for an iPhone is . If she had
Ginny 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 $400, her consumer surplus would have been
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Microeconomics
Authors: Jeffrey M. Perloff
8th edition
134519531, 978-0134519531
