Which of the Following Best Explains the Source of Consumer

question 84

Multiple Choice

Which of the following best explains the source of consumer surplus for Good A?

• A) Many consumers would be willing to pay more than the market price for some units of Good A.
• B) Many consumers pay prices that are greater than the equilibrium price of Good A.
• C) Many consumers of Good A place a value on it that is less than the market price.
• D) Many consumers think the market price of Good A is greater than its cost.

---

Definitions:

Married

The state of being in a legally recognized union between two individuals, typically involving public and institutional recognition.

Healthier

Pertains to a state or condition of improved physical, mental, or social well-being.

Physical Decline

The gradual loss of physical abilities and functions, often associated with aging, illness, or injury.

Later Life

Describes a period in an individual's life, often considered to be the years after middle age, characterized by aging and retirement.