Josh Is Willing to Pay $500 for a Set of Tire,but

question 77

Multiple Choice

Josh is willing to pay $500 for a set of tire,but he is able to pay $300 at the local tire store.His consumer surplus is

• A)$800.
• B)$300.
• C)$200.
• D)$500.

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Definitions:

Learning Imposes

The process by which acquiring new, or modifying existing, knowledge or behaviors involves certain constraints or requirements.

Sustainable Development

Meets the needs of the present without hurting future generations.

Earth Summit

A conference held to address global environmental problems and encourage sustainable development, notably the 1992 UN Conference on Environment and Development.

Pillars

Fundamental principles or structures that support or hold up a system, organization, or ideology.