Multiple Choice
One way of thinking of consumer surplus might be described as:
A) the total value of the sum of the difference of all consumers' willingness to pay for an item relative to the actual cost of the item in the market.
B) the excess amount that consumers earn relative to the poverty line.
C) the level of satisfaction that consumers reach from consuming an item.
D) the excess of consumer demand relative to supply.
Correct Answer:

Verified
Correct Answer:
Verified
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