Multiple Choice
A new car has a sticker price of $24,000.Fred decides that he will pay no more than $23,000 for this car.He bought the car for $21,000.Fred obtains a consumer surplus of
A) $23,000.
B) $21,000.
C) $3,000.
D) $1,000.
E) $2,000.
Correct Answer:
Verified
Correct Answer:
Verified
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