Multiple Choice
Justin purchased a Polar Express train set from Lionel Trains. He paid $240 for the set and received consumer surplus of $125. What was Justin's willingness to pay for the train set?
A) $115
B) $240
C) $250
D) $365
Correct Answer:

Verified
Correct Answer:
Verified
Q29: If the government quit subsidizing a product,
Q32: Which of the following supply curves (where
Q94: Use the following to answer question:<br>Figure 3.20
Q96: Use the following to answer questions 11-12:<br>Figure
Q97: Use the following to answer questions 20-21:<br>Figure
Q99: Use the following to answer question:<br>Figure 3.23
Q100: Suppose that the demand curve for an
Q101: The market for organic cabbage is represented
Q102: Use the following to answer question:<br>Figure 3.9
Q103: Use the following to answer questions 35-36:<br>Figure