Multiple Choice
Which of the following statements best describes the concept of consumer surplus?
A) "I sold my DVD copy of Home Alone for US$18 at a garage sale even though I was willing to sell it for US$10."
B) "Carrefour was having a sale on Mars ice cream so I bought 3 packs."
C) "I was ready to pay US$300 for a new leather jacket that I had seen in City Center Mall but I ended up paying only US$180 for the same jacket."
D) "I paid US$130 for a printer last week. This week the same store is selling the same printer for US$110."
Correct Answer:
Verified
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