Consider the pizza market,with a downward-sloping demand curve and an upward-sloping supply curve.Suppose 100 pizzas are purchased at the free-market equilibrium price.The consumer surplus on the 100th pizza is
A)positive.
B)negative.
C)non-negative.
D)unknown.
E)zero.

Question

Quizplus · Accepted Answer

The consumer surplus on the 100th pizza is zero because it is purchased at the equilibrium price, where the consumer's willingness to pay equals the market price.

Consider the Pizza Market,with a Downward-Sloping Demand Curve and an Upward-Sloping