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    Business
  3. Study Set
    Principles of Macroeconomics Study Set 8
  4. Exam
    Exam 7: Consumers Producers and the Efficiency of Markets: Consumer Surplus
  5. Question
    Consumer Surplus Is the
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Consumer Surplus Is the

Question 1

Question 1

Multiple Choice

Consumer surplus is the


A) amount of a good consumers get without paying anything.
B) amount a consumer pays minus the amount the consumer is willing to pay.
C) amount a consumer is willing to pay minus the amount the consumer actually pays.
D) value of a good to a consumer.

Correct Answer:

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