Multiple Choice
Suppose a consumer is willing and able to pay $18.00 for a particular good but only has to pay $14.00.What is the consumer surplus
A) $4.00
B) $14.00
C) $18.00
D) $32.00
Correct Answer:

Verified
Correct Answer:
Verified
Q87: Consider the following equation: P = 0.5Q.Answer
Q88: Figure 7-6<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 7-6
Q89: Figure 7-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 7-5
Q91: Which area is producer surplus<br>A)the area under
Q93: Table 7-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Table 7-2
Q94: Why can a supply curve be used
Q95: What is the outcome if you pay
Q96: Efficiency refers to whether a market outcome
Q97: Which outcome is NOT derived from market
Q108: Figure 7-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 7-2