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.