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Consumer Surplus Arises in a Market Because

Question 59

Multiple Choice

Consumer surplus arises in a market because


A) the quantity supplied is greater than quantity demanded at the current market price.
B) the quantity demanded is greater than quantity supplied at the current market price.
C) the market price is below what some consumers are willing to pay for the product.
D) the market price is higher than what some consumers are willing to pay for the product.

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