Which of the following products are likely to yield the greatest amount of consumer surplus?
A)Water.
B)Diamonds.
C)Ice cream.
D)A Persian carpet.

Name: Which of the following products are likely to yield the greatest amount of consumer surplus? A)Water. B)Diamonds. C)Ice cream. D)A Persian carpet.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Water is essential for life and typically has a low price, leading to a high consumer surplus as people are willing to pay much more for it than they actually do.

Which of the Following Products Are Likely to Yield the Greatest