Multiple Choice
In the market for a particular pair of shoes, Geri is willing to pay $75 for a pair, while Jane is willing to pay $95 for a pair. The actual price that each has to pay for a pair of these shoes is $65. What is the total amount of the two women's combined consumer surplus?
A) $20
B) less than $20
C) $195
D) $10
E) $40
Correct Answer:
Verified
Correct Answer:
Verified
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