Which of the following is likely to yield the greatest consumer surplus?

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between what consumers are willing to pay for a good or service and what they actually pay. In the case of finding water in the Sahara desert after three days of thirst, the value to the consumer (in terms of survival and relief from extreme thirst) would far exceed any price they might have been willing to pay, leading to the greatest consumer surplus among the options provided.

Which of the Following Is Likely to Yield the Greatest