Ed Thinks He Looks Good in Tweed

Multiple Choice

Ed thinks he looks good in tweed. Last week he saw a light-brown tweed sports coat at Dessen's Fine Clothing Store and thought that the $200 price tag was about as much as he was willing to pay. Lucky for him, he noticed an ad in the local paper that night that had attached a $20-off coupon for any purchase at Dessen's over $100. Using the coupon, he bought the coat. He ended up with the coat and a

A) producer surplus of $80
B) producer surplus of $20
C) consumer surplus of $120
D) consumer surplus of $80
E) consumer surplus of $20