The Latest Model Car in the Dealer's Showroom Has a Sticker

Multiple Choice

The latest model car in the dealer's showroom has a sticker price of $35,000.00. Fred, the shopper, has decided that he would pay no more than $32,000.00 for the car. After two hours of bargaining with the saleswoman, Fred actually purchases the car for $31,000.00. Fred, therefore, has obtained a consumer surplus of

A) $35,000.00.
B) $32,000.00.
C) $4,000.00.
D) $1,000.00.