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Jamal Is Willing to Pay $85 for a New Jacket

Question 121

Multiple Choice

Jamal is willing to pay $85 for a new jacket that sells for $70.Eddie is willing to pay $65 for that same jacket.What is the total consumer surplus for Jamal and Eddie?


A) $30
B) $15
C) $20
D) $25
E) $155

Correct Answer:

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