Exhibit 5-8 -Consumer Surplus Is the Difference Between

question 50

Multiple Choice

Exhibit 5-8
-Consumer surplus is the difference between

• A)the supply curve and the equilibrium price line in a supply/demand diagram.
• B)the minimum quantity consumers are willing to buy and the amount they actually buy.
• C)total utility and marginal utility for every unit of a good consumed.
• D)the total marginal benefit for every unit of a good consumed and total expenditures on the good.
• E)total revenue and total cost in a market for a good.

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