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    Exam 7: Consumers, Producers and the Efficiency of Markets
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    If Brock Is Willing to Pay $800 for a New
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If Brock Is Willing to Pay $800 for a New

Question 159

Question 159

Multiple Choice

If Brock is willing to pay $800 for a new suit but is able to buy the suit for $450, his consumer surplus is:


A) $350
B) $450
C) $800
D) $1200

Correct Answer:

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