Consumer Surplus Is the Amount That Consumers

question 152

Multiple Choice

Consumer surplus is the amount that consumers:

• A) are willing to pay for a good minus what they actually pay for it.
• B) are willing to pay for a good.
• C) actually pay for a good.
• D) are willing to pay for a good plus the amount that they actually pay for it.

---

Definitions:

Polygraph

A device that measures and records several physiological indices such as blood pressure, pulse, respiration, and skin conductivity while the person is asked and answers a series of questions.

Physiological Functioning

Refers to the normal operation of physical and biological processes in living organisms.

Drive-Reduction Theory

A concept in psychology that explains motivation as a mechanism to reduce an internal state of tension caused by unmet needs.

Drives

Basic, biological impulses that motivate behavior, such as hunger or thirst, pushing organisms to fulfill their needs.