Ayesha buys an Iphone for $240 and get consumer surplus of $160. • What is her willingness to pay? • If she had bought the Iphone on sale for $180, what would her consumer surplus have been? • If the price of an Iphone were $500, what would her consumer surplus have been?

/in /by

Ayesha buys an Iphone for $240 and get consumer surplus of $160.
• What is her willingness to pay?
• If she had bought the Iphone on sale for $180, what would her consumer surplus have been?
• If the price of an Iphone were $500, what would her consumer surplus have been?

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