Rosa is willing to pay $200 for the iPhone, but the actual price is $400. This means
A) Rosa will enjoy a consumer surplus of $200 if she buys the iPhone.
B) Rosa will not enjoy any consumer surplus from purchasing the iPhone.
C) Rosa will buy this product.
D) The iPhone is overpriced.
Correct Answer:
Verified
Q22: The four determinants of demand that are
Q28: The law of diminishing marginal utility gives
Q29: The _ of the demand curve corresponds
Q32: If marginal utility is negative,then
A)Total utility will
Q35: Most goods can yield
A)Only positive marginal utility.
B)Both
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