Question

Consumer surplus arises in a market because
A) some consumers are willing to pay more than the equilibrium price but do not need to do so
B) some consumers are willing to pay less than the equilibrium price but do not need to do so
C) at market price, the quantity demanded is less than the quantity supplied
D) at market price, the quantity demanded is greater than the quantity supplied

Answer 1

Heya user!


Option D>At market price the quantity demand is greater than the quantity supply .

Answer 2

The option is C because if there is more than required automatically there is a surplus