Consumer Surplus Is Equal to

question 3

Multiple Choice

Consumer surplus is equal to :

• A)The amount consumers pay for a product
• B)The difference between the amount consumers would be willing to pay for a product and what they actually pay
• C)The difference between the sales value of a firm's output and the direct costs of producing it
• D)The amount consumers pay for a product adjusted for the social costs and benefits of the product.

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