Consumer Surplus Arises in a Market Because

question 59

Multiple Choice

Consumer surplus arises in a market because

• A) the quantity supplied is greater than quantity demanded at the current market price.
• B) the quantity demanded is greater than quantity supplied at the current market price.
• C) the market price is below what some consumers are willing to pay for the product.
• D) the market price is higher than what some consumers are willing to pay for the product.

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Definitions:

Motor Neuron

A type of nerve cell that transmits signals from the brain and spinal cord to muscles, causing them to contract.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and transmitting neural information.

Spinal Nerves

Nerves that emerge from the spinal cord, carrying motor, sensory, and autonomic signals between the spinal cord and the body.

Peripheral Process

The process by which peripheral nerves relay information from the body's extremities to the central nervous system and vice versa.