Which of the Following Statements Best Captures the Concept of Consumer

question 72

Multiple Choice

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

• A)"I saw a sale for flowers,so I bought four bundles."
• B)"I was willing to pay $30 for a dozen roses,but I bought them for $20."
• C)"I was willing to pay $30 for roses,but they are selling for $35,so I did not buy."
• D)"I paid $35 for roses last week and just saw them for sale now at $25."

---

Definitions:

Reference Variable

A variable in programming that holds a reference (or address) to an object rather than the object's value itself.

Default Constructor

A constructor in an object-oriented programming language that is automatically created if no constructors are explicitly defined for a class.

Constructor

A constructor is a special type of method in object-oriented programming used to initialize new objects.