Multiple Choice
Which scenario is an example of consumer surplus?
A) Bayram was willing to sell his grandmother's china set for $120, so he was thrilled that Miranda was willing to pay $150 for it.
B) Constant was happy to find a used textbook for $60 because that was exactly the amount of money he budgeted for it.
C) Brittany was willing to pay $9,000 for a used car, but Tanner would not sell his for less than $9,500.
D) Ashlynn was overjoyed to find a wedding dress that she liked for $1,280. She had been willing to pay $1,509.
Correct Answer:
Verified
Correct Answer:
Verified
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