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If a consumer places a value of $15 on a particular good and if the price of the good is $17, then the Choose one answer. consumer has consumer...

If a consumer places a value of $15 on a particular good and if the price of the good is $17, then the
Choose one answer.
a. consumer has consumer surplus of $2 if he or she buys the good.
b. consumer does not purchase the good.
c. market is not a competitive market.
d. price of the good will fall due to market forces
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Economics-8092371.doc

If a consumer places a value of $15 on a particular good and if the price of the
good is $17, then the
Choose one answer.
a. consumer has consumer surplus of $2 if he or she buys the good.
b....

Sign up to view the full answer

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