A Used Car Was Recently Priced at $20,000

question 82

Multiple Choice

A used car was recently priced at $20,000. Seeing the car, Bobby thought, "It's nice, but if I have to pay more than $19,500 for this car, then I would rather do without it." After negotiations, Bobby purchased the car for $19,250. His consumer surplus was equal to

• A) $19,500.
• B) $0.
• C) $1,750.
• D) $250.

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Definitions:

Childproof

Designed to be safe for use around children or to prevent children from gaining access to the contents or harming themselves with it.

Biologic Agent

Substances derived from living organisms used in the treatment or prevention of diseases.

Public Health Preparedness

The readiness of public health systems to handle emergencies, including pandemics, natural disasters, and bioterrorism, through planning, training, and resource allocation.

Mortality

A fatal outcome.