Which Scenario Is an Example of Consumer Surplus

question 106

Multiple Choice

Which scenario is an example of consumer surplus?

• A) Bayram was willing to sell his grandmother's china set for $120, so he was thrilled that Miranda was willing to pay $150 for it.
• B) Constant was happy to find a used textbook for $60 because that was exactly the amount of money he budgeted for it.
• C) Brittany was willing to pay $9,000 for a used car, but Tanner would not sell his for less than $9,500.
• D) Ashlynn was overjoyed to find a wedding dress that she liked for $1,280. She had been willing to pay $1,509.

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Definitions:

Psychoses

A severe mental disorder in which thought and emotions are so impaired that contact is lost with external reality.

Distorted Perceptions

Altered or inaccurate interpretations of sensory information, which can occur due to various psychological conditions.

Impaired Functioning

A reduction in the ability to perform or operate normally, often due to physical or psychological conditions.

Dissociative Identity Disorder

A severe form of dissociation, a mental process which produces a lack of connection in a person's thoughts, memory, and sense of identity.