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    Exam 5: Efficiency and Equity
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    Jane Is Willing to Pay $50 for a Pair of Shoes
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Jane Is Willing to Pay $50 for a Pair of Shoes

Question 389

Question 389

Multiple Choice

Jane is willing to pay $50 for a pair of shoes. The actual price of the shoes is $30. Her consumer surplus on this pair of shoes is


A) $20.
B) $50.
C) $30.
D) $80.

Correct Answer:

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