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A New Car Has a Sticker Price of $35,000

Question 66

Multiple Choice

A new car has a sticker price of $35,000. Fred decided that he would pay no more than $32,000 for this car. He bought the car for $31,000. Fred obtained a consumer surplus of


A) $35,000.
B) $32,000.
C) $4,000.
D) $3,000.
E) $1,000.

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