Andrew Decides That He Would Pay as Much as $3,000

question 118

Multiple Choice

Andrew decides that he would pay as much as $3,000 for a new laptop computer. He buys the computer and realizes consumer surplus of $700. How much did Andrew pay for his computer?

• A) $700
• B) $2,300
• C) $3,000
• D) $3,700

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Definitions:

Latin Americans

People from countries in Latin America, a region of the Americas where Romance languages (primarily Spanish and Portuguese, and variably French) are spoken.

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African Americans are a racial or ethnic group in the United States with ancestry from the black racial groups of Africa.

American Indians

Indigenous peoples of the United States, including numerous tribes, each with their own distinct cultures and history.

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Individuals in the United States who trace their ancestry to Europe.