If Consumers' Surplus Is $30 and the Price Paid for the Good

question 142

Multiple Choice

If consumers' surplus is $30 and the price paid for the good is $50,then the maximum price a buyer is willing and able to pay for the good is

• A) $80.
• B) $30.
• C) $50.
• D) $20.
• E) There is not enough information to answer the question.

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Definitions:

Optimistic

Being optimistic involves having a hopeful and confident attitude towards the future or the success of something.

Healthier

Pertains to a state or condition of improved physical, mental, or emotional well-being.

Positive Psychology

A branch of psychology that focuses on the study of positive human functioning and flourishing on multiple levels, including the biological, personal, relational, institutional, cultural, and global dimensions of life.

American Psychological Association

The American Psychological Association is a professional organization representing psychologists in the United States, dedicated to advancing psychology as a science, profession, and means of promoting health and human welfare.