Multiple Choice
If Jenna buys a CD at a price of $10, she gets a consumer surplus of $20. This means she
A) does not have enough money to buy the CD
B) will not buy the CD since marginal utility is not high enough
C) was willing to pay as much as $30 for the CD
D) was willing to pay as much as $20 for the CD
E) will have $30 left over after she buys the CD
Correct Answer:
Verified
Correct Answer:
Verified
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