Denise values a stainless steel dishwasher for her new house at $500 . The actual price of the dishwasher is $650 . Denise
a. buys the dishwasher, and on her purchase she experiences a consumer surplus of $150.
b. buys the dishwasher, and on her purchase she experiences a consumer surplus of $-150.
c. does not buy the dishwasher, and on her purchase she experiences a consumer surplus of $150.
d. does not buy the dishwasher, and on her purchase she experiences a consumer surplus of $0.
d
Economics
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An evaluation of relative risk is known as
a. risk-benefit analysis c. benefit-cost analysis b. comparative risk analysis d. de minimis risk
Economics
If the price of gasoline increases and the price of food remains the same, then real income measured in terms of
A) gasoline increases. B) gasoline decreases. C) food increases. D) food decreases.
Economics