Which of the Following Statements Best Describes the Concept of Consumer

question 179

Multiple Choice

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

• A)"Safeway was having a sale on Dreyer's ice cream so I bought 3 quarts."
• B)"I was all ready to pay $300 for a new leather jacket that I had seen in Macy's but I ended up paying only $180 for the same jacket."
• C)"I paid $130 for a printer last week. This week the same store is selling the same printer for $110."
• D)"I sold my Blu-ray copy of Ben-Hur for $18 at a garage sale even though I was willing to sell it for $10."

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Definitions:

Paraphilic Disorder

A disorder characterized by sexual arousal to objects, situations, or individuals that are not part of normative stimulation and that may cause distress or impairment to the individual or harm to others.

American Psychiatric Association

A major professional organization of psychiatrists in the United States, focused on mental health advocacy and education.

Environmental Force

External factors such as social, economic, technological, competitive, and regulatory conditions that affect an organization's ability to operate effectively.

Communicate

To convey information or express thoughts and ideas clearly to someone else through speech, writing, or other forms of media.