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Suppose the Actual Price for Good a Is $20

Question 73

Multiple Choice

Suppose the actual price for good A is $20. John is willing to pay $30, Susie is willing to pay $28, Joseph is willing to pay $25, Jessica is willing to pay $23, and Jeremy is willing to pay $21. What is total consumer surplus?


A) $23
B) $25
C) $27
D) $30

Correct Answer:

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