Consumer Surplus Is _____

question 12

Multiple Choice

Consumer surplus is _____

• A)the amount by which quantity supplied exceeds quantity demanded at the current market price.
• B)the amount by which quantity demanded exceeds quantity supplied at the current market price.
• C)the change in total utility derived from a one-unit change in the consumption of a good.
• D)the horizontal sum of the individual demand curves for all consumers in a market.
• E)the difference between the maximum price consumers are willing to pay and the amount they actually pay.

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