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

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Here's your Answer...

Option C. The quality demand is less than the quantity supplied... Is the correct Answer......

Answer 2

Correct option.

C) at market price, the quantity demanded is less than the quantity supplied