If You Pay a Total of $10 to Purchase 2

question 91

Multiple Choice

If you pay a total of $10 to purchase 2 units of a good and you would have been willing to pay $14, then

• A)you receive a consumer surplus of $4.
• B)you experience a paradox of value.
• C)you receive a consumer surplus of $2.
• D)you do not have consumer sovereignty.
• E)your demand factor is $2 per unit.

---

Definitions:

Taste Buds

Structures along the sides of many of the tongue’s papillae that are composed of 60 to 100 receptor cells for taste.

Olfactory Receptors

Specialized nerve cells located in the nasal cavity that are responsible for the detection of odor molecules, contributing to the sense of smell.

Papillae

Small, nipple-like structures on the tongue where taste buds reside, playing a key role in the sense of taste.

Taste Buds

Small sensory organs found on the tongue, capable of detecting the five types of tastes: sweet, sour, salty, bitter, and umami.