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What Is the Outcome If a Consumer Is Willing and Able

Question 58

Multiple Choice
What is the outcome if a consumer is willing and able to pay $18.00 for a particular good but the price of the good is $20.00 A)The consumer has a consumer surplus of $3.00. B)The consumer has a consumer surplus of $18.00 C)The consumer will try to increase his/her willingness and ability to pay by earning more. D)The consumer will not purchase the good and will not have any consumer surplus.

What is the outcome if a consumer is willing and able to pay $18.00 for a particular good but the price of the good is $20.00


A) The consumer has a consumer surplus of $3.00.
B) The consumer has a consumer surplus of $18.00
C) The consumer will try to increase his/her willingness and ability to pay by earning more.
D) The consumer will not purchase the good and will not have any consumer surplus.

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