Goods that are valuable will have a ________ consumer surplus because ________ units of the good are consumed at a ________ price.
A) smaller; fewer; lower
B) smaller; more; lower
C) larger; less; higher
D) larger; fewer; lower
E) larger; more; lower

Question

Quizplus · Accepted Answer

Consumer surplus is larger when more units are consumed at a lower price, as the difference between what consumers are willing to pay and what they actually pay increases.

Goods That Are Valuable Will Have a ________ Consumer Surplus