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Consumer's Surplus Is a Measure of How Much

Question 1

Multiple Choice

Consumer's surplus is a measure of how much


A) less than his income a consumer spends on goods.
B) more utility a consumer receives from his purchases than he has to pay for them.
C) a consumer's marginal utility differs from his total utility.
D) a change in price induces a consumer to substitute other goods.

Correct Answer:

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