Which of the Following Would Be the Best Example of Consumer

question 167

Multiple Choice

Which of the following would be the best example of consumer surplus?

• A) Jane pays $30 a month for phone service even though it is worth $70 to her.
• B) Sam refuses to pay $10 for a hair cut because it is only worth $8 to him.
• C) Fred buys a car for $4,000, the maximum amount that he would be willing to pay for it.
• D) When Sue purchases a candy bar for $.50, she uses a $20 bill to pay for it.

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Definitions:

Coupons

A discount or offer that can be redeemed for goods or services, often as a part of promotional efforts.

Rebates

Partial refunds offered to purchasers of a product, typically used as a promotional tool to encourage sales.

Nontraditional Advertising

Marketing methods that utilize unconventional means to promote products or services, such as guerrilla marketing, social media campaigns, or influencer partnerships.

Video Game

An electronic game involving interaction with a user interface to generate visual feedback on a device, such as a TV screen or computer monitor.