Multiple Choice
Suppose Katie, Kendra, and Kristen each purchase a particular type of cell phone at a price of $80. Katie's willingness to pay was $100, Kendra's willingness to pay was $95, and Kristen's willingness to pay was $80. Consumer surplus for the three individuals is
A) $15.
B) $20.
C) $35.
D) $80.
Correct Answer:
Verified
Correct Answer:
Verified
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