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29 Nov 2019
Poppins is willing to pay $35 for a product and Tompkins is willing to pay $27. The actual price that they have to pay is $12. What is the amount of the consumer surplus for Poppins and Tompkins combined?
Question 1 options:
A) $945
B) $62
C) $38
D) $8
Poppins is willing to pay $35 for a product and Tompkins is willing to pay $27. The actual price that they have to pay is $12. What is the amount of the consumer surplus for Poppins and Tompkins combined?
Question 1 options:
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