At a Zero Price,the Consumer Surplus of All Buyers in a Market

question 190

Multiple Choice

At a zero price,the consumer surplus of all buyers in a market _____

• A)is equal to zero.
• B)is equal to the value of the total utility derived from the consumption of goods.
• C)is greater than the value of the total utility derived from the consumption of goods.
• D)is equal to the value of the marginal utility of additional units of goods.
• E)is less than the value of the total utility derived from the consumption of goods.

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Definitions:

Subliminal Stimuli

Stimuli that are below the threshold of conscious awareness, yet can influence thoughts, feelings, or actions.

Threshold

The level of strength a stimulus must reach to be detected or to produce a response.

Weber's Law

A principle in psychology that posits the smallest noticeable difference in stimulus intensity is proportional to the intensity of the original stimulus.

Notice A Difference

The act of observing or identifying a change or dissimilarity between two or more things, often an initial step in analytical or critical thinking processes.