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Phil and Kelly Have Always Wanted to Take a Cruise

Question 58

Multiple Choice

Phil and Kelly have always wanted to take a cruise. Although willing to pay $5,000 for a Caribbean cruise for two, they were able to purchase a cruise vacation for two for $3,500. Their total consumer surplus amounted to:


A) ​$750.
B) ​$5,000.
C) ​$1,500.
D) ​$3,500.

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