Suppose Ferd Truthfully Tells the Car Dealer the Maximum Amount

Multiple Choice

Suppose Ferd truthfully tells the car dealer the maximum amount he's willing to pay for a Ford Mustang: $20, 000.The dealer says, "You're in luck; we have one on the lot for $20, 000." Which of the following statements is true?

A) Ferd will not buy the car.
B) The car is not worth $20, 000.
C) Ferd gets $20, 000 in consumer surplus.
D) Ferd gets no consumer surplus.
E) The dealer earns $20, 000 in consumer surplus.