Shannon buys a new CD player for her car for $135. She receives consumer surplus of $25 on her purchase if her willingness to pay is

Name: Shannon buys a new CD player for her car for $135. She receives consumer surplus of $25 on her purchase if her willingness to pay is
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Question

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Consumer surplus is the difference between the willingness to pay and the actual price paid. If Shannon's consumer surplus is $25 and she paid $135, her willingness to pay must have been $160 ($135 + $25).

Shannon Buys a New CD Player for Her Car for $135