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    Principles of Microeconomics
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    Exam 7: Consumers, producers, and the Efficiency of Markets
  5. Question
    Suppose Connor Is Willing to Pay $400 for a New
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Suppose Connor Is Willing to Pay $400 for a New

Question 49

Question 49

Multiple Choice

Suppose Connor is willing to pay $400 for a new suit for his graduation,but is able to buy the suit for $350.What is his consumer surplus


A) $50
B) $150
C) $350
D) $400

Correct Answer:

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