Which of the Following Is an Example of Consumer Surplus

question 345

Multiple Choice

Which of the following is an example of consumer surplus?

• A) Jose buys a hamburger for $2 and tells you he would not have paid a penny more.
• B) John believes the price he paid for his computer was too high.
• C) Mary buys a paper tablet for $2 and finds the same good at another store for $1.50.
• D) Sue would have paid $15 for a new compact disc but paid only $10.
• E) Anne finds a mountain bike for which she is willing to pay a maximum of $550 and the price of the bike is $600.

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Definitions:

Demand For Legal Services

The quantity of legal assistance that consumers are willing and able to purchase at a given price.

Wages Of Lawyers

This refers to the compensation or payment received by lawyers for their legal services, often influenced by factors such as experience, location, and the nature of legal work.

Legal Education

The field of study or training that prepares individuals to practice law, including undergraduate, graduate, and professional education.

Demand For Computer Scientists

The need or desire for professionals skilled in computer science, driven by technological advancements and innovation.