If Niki Is Willing to Pay Up to $5 for an Ice-Cream

question 239

Multiple Choice

If Niki is willing to pay up to $5 for an ice-cream bar but she actually pays $2 for it. The consumer surplus of the ice-cream bar for Niki

• A)is $2.
• B)is $3.
• C)is $7.
• D)cannot be determined without information about the market structure.

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Definitions:

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A form of justice that involves the offender making amends to the victim, often through financial compensation or community service.

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A legal advocate appointed to represent the best interests of a child or incapacitated adult during court proceedings.