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Jeanette Is Willing to Pay $100 for the First Pair

Question 211

Multiple Choice

Jeanette is willing to pay $100 for the first pair of shoes, $80 for the second pair, $50 for the third, and $30 for the fourth. If shoes cost $50, Jeanette will buy _____ pairs of shoes and her total consumer surplus equals _____.


A) four; $110
B) three; $230
C) three; $80
D) four; $80

Correct Answer:

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