Suppose the Most You Would Be Willing to Pay for a Plane

question 83

Multiple Choice

Suppose the most you would be willing to pay for a plane ticket home is $250, but you buy one online for $175. The economic surplus of buying the online ticket is:

• A) $175.
• B) $250.
• C) $75.
• D) $0.

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Definitions:

Issues

Refers to important topics or problems for debate or discussion.

Deadline

A deadline is a fixed or set time by which something must be completed or submitted, crucial in planning and time management.

Delivery

The process or method by which goods, services, or information are provided or conveyed to a recipient.

Directive

A statement or instruction that guides or directs action, typically in a clear and authoritative manner.