Multiple Choice
Which of the following statements best captures the concept of consumer surplus?
A) "I saw a sale for flowers,so I bought four bundles."
B) "I was willing to pay $30 for a dozen roses,but I bought them for $20."
C) "I was willing to pay $30 for roses,but they are selling for $35,so I did not buy."
D) "I paid $35 for roses last week and just saw them for sale now at $25."
Correct Answer:
Verified
Correct Answer:
Verified
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