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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.

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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5 votes
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.

asked
User TerryE
by
8.2k points

1 Answer

5 votes

Answer:

200

Step-by-step explanation:

answered
User Phil Hunt
by
7.8k points
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