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If a Consumer Places a Value of $15 on a Particular

Question 34

Multiple Choice

If a consumer places a value of $15 on a particular good and if the price of the good is $17,then the


A) consumer has consumer surplus of $2 if he or she buys the good.
B) consumer does not purchase the good.
C) market is not a competitive market.
D) price of the good will fall due to market forces.

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