Economics 9708 · AS & A Level · Cross elasticity of demand

Cross elasticity of demand — practice question

Which example of consumer behaviour would result in consumer surplus?

  • Awhen a consumer does not spend all of her income each month
  • Bwhen a consumer pays less than they are willing to pay for a good
  • Cwhen a consumer throws away vegetables because they bought too much
  • Dwhen a good is purchased in order to resell it at a higher price

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