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    Principles of Economics Study Set 12
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    Exam 5: The Demand Curve and the Behavior of Consumers
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    Suppose Austin Is Willing to Pay $5 for One More
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Suppose Austin Is Willing to Pay $5 for One More

Question 40

Question 40

Multiple Choice

Suppose Austin is willing to pay $5 for one more burger but he actually pays $2 for it. The consumer surplus for Austin to consume that additional burger is


A) -$7.
B) -$2.
C) $0.
D) $3.
E) $7.

Correct Answer:

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