Question: Caroline buys an iPhone for $150 and gets a consumer surplus of $200. Her willingness to pay for an iPhone is |:|. If she had

Caroline buys an iPhone for $150 and gets a consumer surplus

Caroline buys an iPhone for $150 and gets a consumer surplus of $200. Her willingness to pay for an iPhone is |:|. If she had bought the iPhone on sale for $100, her consumer surplus would have been |:|. If the price of the iPhone had been $400, her consumer surplus would have been |:|

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