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hifazat ahmad
on Dec 11, 2024

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Andre decides that he would pay as much as $3,000 for a new laptop computer. He buys the computer and realizes consumer surplus of $700. How much did Andre pay for his computer?

A) $700
B) $2,300
C) $3,000
D) $3,700

Consumer Surplus

The gap between what consumers are ready and able to spend for a good or service and the actual amount they pay.

  • Understand the concept of consumer surplus and how to calculate it.
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akanksha karmakarDec 18, 2024
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