Use the Following to Answer Question(s): Measuring Consumer Surplus

question 205

Multiple Choice

Use the following to answer question(s) : Measuring Consumer Surplus

-(Exhibit: Measuring Consumer Surplus) If pizzas are $6 each, your consumer surplus is:

• A) $24.
• B) $16.
• C) $8.
• D) $4.

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Definitions:

Micronutrient

Essential vitamins and minerals required by the body in small amounts for proper growth, development, and physiological function.

Phosphorus

A chemical element essential to all living organisms as part of energy-transferring molecules and structural compounds.

Hydroponics

Growing plants in an aerated solution of dissolved inorganic minerals (i.e., without soil).

Aerated Water

Water that has been infused with air or gas, often carbon dioxide, to create a bubbly or effervescent texture.