Suppose the Market Demand Curve for Hourly Dial-Up Internet Service

question 106

Multiple Choice

Suppose the market demand curve for hourly dial-up internet service is completely elastic.At the market equilibrium price under perfect competition,the consumer surplus in this market equals:

• A)total consumer expenditures.
• B)total sales revenue.
• C)zero.
• D)an amount slightly more than total consumer expenditure.

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Definitions:

Stepparent

An individual who is married to a person who has one or more children from a previous relationship, but is not their biological parent.

Stepfamily Cycle

The progression and evolving dynamics within a stepfamily, from initial formation through integration and stabilization, involving adjustment to new roles and relationships.

Stepparents

Individuals who become parents through marriage, partnering with someone who already has children from a previous relationship.

Awareness

The knowledge or perception of a situation or fact, often leading to an informed understanding.