Multiple Choice
Which of the following would lead to the creation of some consumer surplus?
A) Sam refuses to pay $10 for a haircut because it is only worth $8 to him.
B) Fred buys a car for $4000, the maximum amount that he would be willing to pay for it.
C) Danette pays $30 a month for phone service, but it is worth $70 to her.
D) When Florence purchases a candy bar for 50 cents, she uses a $20 bill to pay for it.
Correct Answer:
Verified
Correct Answer:
Verified
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