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Recall the Application About Japanese and American Consumers' Willingness to Pay

Question 27

Multiple Choice

Recall the Application about Japanese and American consumers' willingness to pay for Internet service to answer the following question(s) . In the United States, the average willingness to pay for Internet service is $85 per month, and the average monthly price of Internet service is $40 per month.
-According to the Application,the average consumer surplus in Japan from Internet service is about ________ percent of the price.


A) 11
B) 40
C) 85
D) 162

Correct Answer:

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