12th Grade Consumer Surplus Quizzes, Questions & Answers

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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

Sample Question 3
If your willingness to pay for a hamburger is $3.00 and the price is $2.00, your consumer surplus is $5.00

True

False