Consumer surplus:

A.

is the difference between the maximum prices consumers are willing to pay for a product and the lower equilibrium price.

B.

the difference between the maximum prices consumers are willing to pay for a product and the minimum prices producers are willing to accept.

C.

the difference between the minimum prices producers are willing to accept for a product and the higher equilibrium price.

D.

rises as equilibrium price rises.

Question

Consumer surplus:

A.	is the difference between the maximum prices consumers are willing to pay for a product and the lower equilibrium price.

B.	the difference between the maximum prices consumers are willing to pay for a product and the minimum prices producers are willing to accept.

C.	the difference between the minimum prices producers are willing to accept for a product and the higher equilibrium price.

D.	rises as equilibrium price rises.

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