Multiple Choice
Which of the following best explains the source of consumer surplus for good A?
A) Many consumers pay prices that are greater than the equilibrium price of good A.
B) Many consumers would be willing to pay more than the market price for good A.
C) Many consumers think the market price of good A is greater than its cost.
D) Many consumers think the demand for good A is elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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