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Consumer Surplus Equals

Question 3

Multiple Choice

Consumer surplus equals:


A) the total benefit from the consumption of a product
B) total expenditure on a product
C) the amount by which total expenditure on a product exceeds its total benefit
D) the sum of a product's total benefit and total expenditure on the product
E) the amount by which a product's total benefit exceeds total expenditure on the product

Correct Answer:

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