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    Principles of Macroeconomics Study Set 8
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    Exam 7: Consumers Producers and the Efficiency of Markets: Consumer Surplus
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    Josh Is Willing to Pay $500 for a Set of Tire,but
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Josh Is Willing to Pay $500 for a Set of Tire,but

Question 77

Question 77

Multiple Choice

Josh is willing to pay $500 for a set of tire,but he is able to pay $300 at the local tire store.His consumer surplus is


A) $800.
B) $300.
C) $200.
D) $500.

Correct Answer:

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