Consumer surplus is the difference between

A. Price demanded and price paid

B. Price quoted and price actually paid

C. Price that a consumer is willing to pay and the price actually paid

D. None of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Production indifference curve (isoquant) is a curve which shows:
  2. The reserve capacity in administration is advocated on the ground that demand for a product will:
  3. The monopolist often lead to exploitation of:
  4. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  5. If the price of product increases and in the result the demand for product B also increases then:
  6. The alternative of profit maximization theory is:
  7. In economist the term invisible hand is refers to:
  8. Traditionally, the study of determination of price is called:
  9. The marshallian demand curve includes:
  10. If money income is given then consumer is in equilibrium when:
  11. In dominant strategies I am doing the best, I can no matter:
  12. Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
  13. Who wrote Mathematical Analysis for Economists?
  14. The real income of a consumer is income in terms of:
  15. The firm is said to be in equilibrium when the difference between revenue and cost is:
  16. Increasing return to scales can be explained in terms of:
  17. In cournot model, each firm makes decision regarding:
  18. Market allocation fundamentally relies upon:
  19. The competitive equilibrium leads to:
  20. Most of the supply curves with which the average consumer deals are:
  21. Of the following commodities, which has the lowest price-elasticity of demand?
  22. An income demand curve of an inferior good is:
  23. The law of demand is most directly a result of:
  24. When with a change in price the total outlay (expenditures) on a commodity remains constant, it is a…
  25. The non-price competition cartel is a:
  26. When marginal costs curve cuts average costs curve, average costs are:
  27. The main contribution of Malthus is in the field of:
  28. For the equilibrium of the firm and the industry in the short period in a competitive market, the condition…
  29. The horizontal demand curve for a commodity shows that its demand is:
  30. In Prisoners Dillemma, the players are: