If the Price a Consumer Pays for a Product Is

question 133

Multiple Choice

If the price a consumer pays for a product is equal to a consumer's willingness to pay, then the consumer surplus relevant to that purchase is

• A)zero.
• B)negative, and the consumer would not purchase the product.
• C)positive, and the consumer would purchase the product.
• D)There is not enough information given to answer this question.

---

Definitions:

Big Five

A theory identifying five fundamental personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism, used to describe human personality comprehensively.

Personality Traits

Enduring characteristics and behaviors that distinguish one individual from another.

Big Five

A model outlining five broad dimensions of human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

IPIP

The International Personality Item Pool, which is a public domain collection of items for the assessment of personality traits.