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

---

Definitions:

Distractions

External or internal factors that divert an individual's attention away from their intended focus or task.

Medulla

An essential part of the brainstem involved in regulating several vital functions, including breathing, heart rate, and blood pressure.

Central Nervous System

The part of the nervous system that comprises the brain and spinal cord, responsible for processing and sending out information.

Sensory Neurons

Nerve cells that transmit sensory information (sight, sound, feeling, etc.) to the brain or spinal cord.