Brock Is Willing to Pay $400 for a New Suit,but

question 20

Multiple Choice

Brock is willing to pay $400 for a new suit,but he is able to buy the suit for $250.His consumer surplus is

• A)$650.
• B)$150.
• C)$250.
• D)$400.

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Definitions:

Exploration Tool

Equipment or software used in the discovery and investigation of new geographical areas or resources.

Levels of Organization

The hierarchical structure in biology that ranges from the simplest (atoms, cells) to the most complex (organisms, ecosystems) forms of matter and life.

Matter

Anything that has mass and occupies space, consisting of atoms and molecules and classified into solid, liquid, gas, and plasma states.

Nature

The observable aspects of the Earth, embracing plants, animals, the terrain, and other natural elements and substances, distinguished from the realm of human beings and their inventions.