Consumer Surplus Is

question 86

Multiple Choice

Consumer surplus is:

• A)the difference between quantity demanded and quantity supplied.
• B)the sum of quantity demanded and quantity supplied.
• C)the ratio of the price of a good to the proportion of income spent on the good.
• D)the difference between the most a consumer would be willing to pay for a quantity of a good and what a consumer actually has to pay.
• E)the difference between the income and expenditure of a consumer in the current time period.

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