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    Foundations of Macroeconomics
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    Exam 6: Efficiency and Fairness of Markets
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    Suppose Dan Is Willing to Pay a Maximum of $3,000
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Suppose Dan Is Willing to Pay a Maximum of $3,000

Question 279

Question 279

Multiple Choice

Suppose Dan is willing to pay a maximum of $3,000 for a piano,but finds one he can buy for $2,500.Dan's consumer surplus from this piano is


A) $5,500.
B) $3,000.
C) $2,500.
D) $500.
E) zero because he buys the piano.

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