Which of the Following Statements Best Describes the Concept of Consumer

question 179

Multiple Choice

Which of the following statements best describes the concept of consumer surplus?

• A)"Safeway was having a sale on Dreyer's ice cream so I bought 3 quarts."
• B)"I was all ready to pay $300 for a new leather jacket that I had seen in Macy's but I ended up paying only $180 for the same jacket."
• C)"I paid $130 for a printer last week. This week the same store is selling the same printer for $110."
• D)"I sold my Blu-ray copy of Ben-Hur for $18 at a garage sale even though I was willing to sell it for $10."

---

Definitions:

Major Events

Significant occurrences or milestones that have a profound impact on individuals' lives or on society as a whole.

Minor Stress

Low-level stressors that, while not significantly impactful by themselves, can cumulatively contribute to overall stress levels.

Life Changes

Significant transitions or alterations in a person’s life, such as moving, career shifts, or major personal milestones, that can impact well-being and behavior.

Stress

A psychological and physical response of the body to demands or challenges that disturb the individual's balance or perceived ability to cope.