The Price of a Drink at the Juice Bar Is

question 81

Multiple Choice

The price of a drink at the juice bar is $7.Melody Miller buys six carrot juices over the course of the afternoon.

• A)She is enjoying a consumer surplus.
• B)She is not enjoying a consumer surplus.
• C)There is no way to determine whether or not she is enjoying a consumer surplus.

---

Definitions:

Group Health Insurance

A health insurance plan that provides coverage to a group of members, usually employees of a company or members of an organization, often resulting in reduced cost for participants.

Insurers

Companies that provide insurance, offering financial compensation to policyholders in the case of specific losses or damages, in exchange for premiums.

Healthy People

Individuals or populations that possess a state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.

Lemons Problem

A term in economics used to describe the issue of quality uncertainty in a market where sellers have more information about the product quality than buyers, leading to adverse selection.