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 $_________.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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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