The price of a Xbox1 is $399, and you were ready to purchase one. You happened to get your paycheck on Black Friday and the store had it on sale for $349, so you bought it. What happened to your consumer surplus on this purchase? A. Stayed the Same B. Increase $100 C. It went down by $50 D. It went up by $50
The price of a Xbox1 is $399, and you were ready to purchase one. You happened to get your paycheck on Black Friday and the store had it on sale for $349, so you bought it. What happened to your consumer surplus on this purchase? A. Stayed the Same B. Increase $100 C. It went down by $50 D. It went up by $50
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter11: Marketing And Distribution
Section: Chapter Questions
Problem 20AA
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The price of a Xbox1 is $399, and you were ready to purchase one. You happened to get your paycheck on Black Friday and the store had it on sale for $349, so you bought it. What happened to your consumer surplus on this purchase?
A. Stayed the Same
B. Increase $100
C. It went down by $50
D. It went up by $50
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