Bob is willing to pay $65 for a new pair of shoes.Bill is willing to pay $50 for the same shoes.The shoes have a price of $45.What is the total consumer surplus for Bob and Bill?
A) $15
B) $20
C) $5
D) $25
E) $35

Name: Bob is willing to pay $65 for a new pair of shoes.Bill is willing to pay $50 for the same shoes.The shoes have a price of $45.What is the total consumer surplus for Bob and Bill? A) $15 B) $20 C) $5 D) $25 E) $35
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Question

Quizplus · Accepted Answer

The Answer is D

Bob Is Willing to Pay $65 for a New Pair