Multiple Choice
A used truck has a sticker price of $21,000. Arthur decided that he would pay no more than $19,500 for this truck. He bought the truck for $19,250. Arthur obtained a consumer surplus of
A) $21,000.
B) $19,500.
C) $19,250.
D) $1,750.
E) $250.
Correct Answer:
Verified
Correct Answer:
Verified
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