Jung Is Willing to Pay $85 for a New Jacket

question 173

Multiple Choice

Jung is willing to pay $85 for a new jacket that sells for $70.Eddie is willing to pay $65 for that same jacket.What is the total consumer surplus for Jung and Eddie?

• A) $30
• B) $15
• C) $20
• D) $25
• E) $155

---

Definitions:

Monitored

Being observed, recorded, or checked continuously for a specific purpose, such as to ensure safety, to measure progress, or to comply with regulations.

Enforced

Implemented or applied by authority, often referring to laws, rules, or policies that are compelled to be followed.

Global Environmental Security

Efforts and policies aimed at protecting the global environment to ensure the health and safety of the planet and its inhabitants.

Food Security

The state in which all people at all times have physical, social, and economic access to sufficient, safe, and nutritious food that meets their dietary needs and food preferences for an active and healthy life.