If the Price a Buyer Pays for a Good Is

question 171

Multiple Choice

If the price a buyer pays for a good is $50 and the maximum price she would be willing and able to pay is $53,then ____________ is _______________.

• A) producers' surplus; $103
• B) consumers' surplus; $103
• C) consumers' surplus; $3
• D) producers' surplus; $3
• E) consumers' surplus; $40

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