Ray buys a new tractor for $118,000 . He receives consumer surplus of $13,000 on his purchase. Ray's willingness to pay is
a. $13,000.
b. $105,000.
c. $118,000.
d. $131,000.
d
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a. True b. False Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false