Consumer Surplus Is

question 162

Multiple Choice

Consumer surplus is:

• A)the area underneath the demand curve.
• B)the total utility derived from consuming a good.
• C)the marginal utility of the last unit consumed multiplied by the number of units consumed.
• D)the difference between what consumers are willing to pay and what they are required to pay for a good.
• E)the dollar amount spent acquiring a good.

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