Melissa buys an iPod for $120 and gets consumer surplus of $80. a. What is her willingness

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Melissa buys an iPod for $120 and gets consumer surplus of $80.
a. What is her willingness to pay?
b. If she had bought the iPod on sale for $90, what would her consumer surplus have been?
c. If the price of an iPod were $250, what would her consumer surplus have been?

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Related Book For  answer-question

Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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