Question: Problems and Applications Q 1 Cho buys an iPhone for $ 2 4 0 and gets a consumer surplus of $ 1 6 0 .

Problems and Applications Q1
Cho buys an iPhone for $240 and gets a consumer surplus of $160.
Her willingness to pay for an iPhone is
If she had bought the iPhone on sale for $180, her consumer surplus would have been
If the price of the iPhone had been $420, her consumer surplus would have been
Problems and Applications Q 1 Cho buys an iPhone

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