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A New Car Has a List Price of $45,000

Question 86

Multiple Choice

A new car has a list price of $45,000. Harnit decided that he would pay no more than $42,000 for this car. He buys the car for $41,000. Harnit's consumer surplus is


A) $45,000.
B) $42,000.
C) $4,000.
D) $3,000.
E) $1,000.

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