6 . Consumer Surplus Ana buys an iPhone for $150 and gets a consumer surplus of $200. Her willingness to pay for an iPhone is $_________. If she had bought the iPhone on sale for $100, her consumer surplus would have been $_______. If the price of the iPhone had been $370, her consumer surplus would have been $_________.

6 . Consumer Surplus Ana buys an iPhone for $150 and gets a consumer surplus of $200. Her willingness to pay for an iPhone is $_____. If she had bought the iPhone on sale for $100, her consumer surplus would have been $_. If the price of the iPhone had been $370, her consumer surplus would have been $_______.

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Consumer Choice And Demand

Section: Chapter Questions

Problem 3.7P

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6 . Consumer Surplus

Ana buys an iPhone for $150 and gets a consumer surplus of $200.

Her willingness to pay for an iPhone is $_________.

If she had bought the iPhone on sale for $100, her consumer surplus would have been $_______.

If the price of the iPhone had been $370, her consumer surplus would have been $_________.

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