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  3. Study Set
    Principles of Microeconomics
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    Exam 7: Consumers, producers, and the Efficiency of Markets
  5. Question
    What Does Consumer Surplus Measure
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What Does Consumer Surplus Measure

Question 100

Question 100

Multiple Choice

What does consumer surplus measure


A) the amount of a product a consumer can buy at a price below equilibrium price
B) the difference between the amount a consumer has to pay and the amount the consumer would be willing to pay
C) the number of consumers who are excluded from a market because of scarcity
D) how much a buyer values a good

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