A Consumer Will Buy a Good When

question 59

Multiple Choice

A consumer will buy a good when

• A)consumer surplus is greater than or equal to the price.
• B)marginal benefit is positive.
• C)marginal benefit is greater than or equal to the price.
• D)consumer surplus is positive.
• E)consumer surplus is greater than producer surplus.

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Definitions:

Commitment

The dedication or strong loyalty that an individual or group has toward an organization, cause, or goal.

Formula Box

A field in spreadsheet applications where you enter or edit calculations or functions to be applied to cell data.

Insertion Point

The cursor's location in a document or field where new text or data will be entered.

Vertical Line

A straight line that runs up and down, perpendicular to a horizontal line.