Consumer Surplus Quizzes, Questions & Answers

Dive into the world of economics with our engaging Consumer Surplus quiz! Read more

Consumer Surplus Quizzes By Grade

Top Trending Consumer Surplus Quizzes

In Economics, we believe that utility is the amount of satisfaction that a good or service brings. The quiz below tests and advances your knowledge on the different aspects of economics, which include price and utility.

Questions: 39 | Attempts: 156 | Last updated: Aug 16, 2025

Sample Question 1
The difference between the highest price a consumer is willing to pay for a good and the price the consumer actually pays is called

The substitution effect

The income effect

Consumer surplus

Producer surplus

Sample Question 2
In a city with rent controlled apartments, all of the following are true except?

It usually takes more time to find an apartment than it would without rent control

Landlords have an incentive to rent more apartments than they would without rent control

Apartments are often in shorter supply than they would be without rent control

Apartments usually rent for rates lower than the market rate

An Informative Quiz On The Aspects Of Microeconomics

This is an informative quiz on the aspects of microeconomics. The market would not exist if there were no consumers and producers. The level of consumption or production in a market is dependent on a lot of variables and we have...

Questions: 35 | Attempts: 1576 | Last updated: Mar 22, 2025

Sample Question 1
Consumer surplus is the amount a buyer is willing to pay for a good minus the seller's cost

True

False

Sample Question 2
If the demand curve in a market is stationary, consumer surplus decreases when the price in the market increases

True

False