Multiple Choice
Mr.Noriega paid $700 for each of three suits.Since all of the suits were pleasing to his taste,he would have been willing to pay according to this schedule: $950 for the first suit,$800 for the second suit,and $700 for the third suit.How much was his consumer surplus?
A) $100
B) $150
C) $250
D) $350
E) $700
Correct Answer:

Verified
Correct Answer:
Verified
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