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Which of the Following Statements Best Describes the Concept of Consumer

Question 90

Multiple Choice

Which of the following statements best describes the concept of consumer surplus?


A) "I paid $89 for a microwave oven last week.This week the same store is selling the same microwave oven for $69."
B) "I sold my hard copy of Harry Potter and the Half-Blood Prince to a used book store for $10 even though I was willing to sell it for $5."
C) "Target was having a sale on tube socks so I bought 5 pairs."
D) "I was going to pay $200 for new sunglasses that I had seen at the Oakley store but I ended up paying only $140 for the same sunglasses."

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