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

question 67

Multiple Choice

Jeff 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 Jeff pay for his computer?

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

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Definitions:

Foreign Exchange Market

A global marketplace for trading national currencies against one another.

Debt Market

A financial market where participants can issue and trade debt securities, often used by corporations and governments to finance their operations.

Derivatives Market

A market where financial instruments such as futures, options, and swaps are traded, whose value is derived from the value of an underlying asset.

Tertiary Market

A smaller and less accessible segment of the financial market where lesser-known securities are traded.