menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 8
  4. Exam
    Exam 7: Consumers Producers and the Efficiency of Markets: Consumer Surplus
  5. Question
    If a Consumer Is Willing and Able to Pay $20
Solved

If a Consumer Is Willing and Able to Pay $20

Question 83

Question 83

Multiple Choice

If a consumer is willing and able to pay $20 for a particular good and if he pays $16 for the good,then for that consumer,consumer surplus amounts to


A) $4.
B) $16.
C) $20.
D) $36.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q78: Suppose there is an early freeze in

Q79: When there is a technological advance in

Q80: Alex is willing to pay $10,and Bella

Q81: Figure 7-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-4

Q82: Consumer surplus is a good measure of

Q84: Denise values a stainless steel dishwasher for

Q85: If a consumer places a value of

Q86: Figure 7-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-5

Q88: Figure 7-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-1

Q121: Motor oil and gasoline are complements. If

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines