Which of the following would be the best example of consumer surplus?
A) Jane pays $30 a month for phone service even though it is worth $70 to her.
B) Sam refuses to pay $10 for a hair cut because it is only worth $8 to him.
C) Fred buys a car for $4,000, the maximum amount that he would be willing to pay for it.
D) When Sue purchases a candy bar for $.50, she uses a $20 bill to pay for it.
Correct Answer:
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