Melissa buys an iPod for $120 and gets consumer surplus of $80. a. What is her willingness
Question:
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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a Consumer surplus is equal to willingness to pay minus the price paid Th...View the full answer
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