Kyra buys an iPhone for 240 and gets consumer surplus of 160. a. What is her willingness to pay? b. If she had bought the iPhone on sale for 180, what would her consumer surplus have been? c. If the price of an iPhone were 500, what would her consumer surplus have been? | Numerade
Kyra buys an iPhone for 240 and gets consumer surplus of 160. a. …
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