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Paul Goes to Sportsmart to Buy a New Tennis Racquet

Question 3

Multiple Choice

Paul goes to Sportsmart to buy a new tennis racquet.He is willing to pay $200 for a new racquet, but buys one on sale for $125.Paul's consumer surplus from the purchase is


A) $325.
B) $200.
C) $125.
D) $75.

Correct Answer:

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