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A Used Truck Has a Sticker Price of $21,000

Question 107

Multiple Choice

A used truck has a sticker price of $21,000.Arthur decides that he will pay no more than $19,750 for this truck.He buys the truck for $19,250.Arthur obtains a consumer surplus of


A) $19,750.
B) $19,250.
C) $1,750.
D) $1,250.
E) $500.

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