Raquel,who earns $900 a week,bought a television set and gained $70 consumers' surplus.What price did she pay for the good?
A) $40
B) $830
C) $160
D) $5
E) There is not enough information to answer the question.

Question

Quizplus · Accepted Answer

The information provided does not include the original price of the television or how the consumer surplus was calculated, making it impossible to determine the price Raquel paid for the television. Consumer surplus is the difference between what a consumer is willing to pay and what they actually pay, but without knowing either of these values, the price paid cannot be determined.

Raquel,who Earns $900 a Week,bought a Television Set and Gained