Exhibit 5-8 -Consumer Surplus Is the Difference Between

Multiple Choice

Exhibit 5-8
-Consumer surplus is the difference between

A) the supply curve and the equilibrium price line in a supply/demand diagram.
B) the minimum quantity consumers are willing to buy and the amount they actually buy.
C) total utility and marginal utility for every unit of a good consumed.
D) the total marginal benefit for every unit of a good consumed and total expenditures on the good.
E) total revenue and total cost in a market for a good.