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In the Market for a Particular Pair of Shoes, Jena

Question 219

Multiple Choice

In the market for a particular pair of shoes, Jena is willing to pay $75 for a pair, while Jane is willing to pay $85 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 girls' combined consumer surplus?


A) $10
B) $30
C) $195
D) $160

Correct Answer:

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