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If Stephanie Buys a Laptop for $700 and the Maximum

Question 52

Multiple Choice

If Stephanie buys a laptop for $700 and the maximum she would have paid was $1,000, which of the following is true?


A) ​Stephanie received consumer surplus of $1,000.
B) ​Stephanie received producer surplus of $700.
C) ​Stephanie received a consumer surplus of $700.
D) ​Stephanie received a consumer surplus of $300.

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