简答题If the price of the product is $15, then who would be willing to purchase the product? A、Lori. B、Lori and Audrey. C、Lori, Audrey, and Zach. D、Lori, Audrey, Zach, and Calvin.简答题Which of the following will cause a decrease in consumer surplus? A、An increase in the number of sellers of the good. B、A decrease in the production cost of the good. C、Sellers expect the price of the good to be lower next month. D、The imposition of a binding price floor in the market.简答题Suppose your own demand curve for tomatoes slopes downward. Suppose also that, for the last tomato you bought this week, you paid a price exactly equal to your willingness to pay. Then A、you should buy more tomatoes before the end of the week. B、you already have bought too many tomatoes this week. C、your consumer surplus on the last tomato you bought is zero. D、your consumer surplus on all of the tomatoes you have bought this week is zero.简答题Suppose there is an early freeze in California that reduces the size of the lemon crop. What happens to consumer surplus in the market for lemons? A、Consumer surplus increases. B、Consumer surplus decreases. C、Consumer surplus is not affected by this change in market forces. D、We would have to know whether the demand for lemons is elastic or inelastic to make this determination.简答题Chad is willing to pay 4.50 for a second cup. He buys his first cup from a vendor selling latté for 3.90 per cup. Chad buys a second cup. Which of the following statements is correct? A、Chad 's willingness to pay for his second cup of latté was smaller than his willingness to pay for his first cup of latté. B、Chad 's consumer surplus on his second cup of latté was larger than his consumer surplus on his first cup of latté. C、Chad is irrational in that he is willing to pay a different price for his second cup of latté than what he is willing to pay for his first cup of latté. D、Chad places a higher value on his second cup of latté than on his first cup of latté.多选题For each of three potential buyers of oranges, the table displays the willingness to pay for the first three oranges of the day. Assume Alex, Barb, and Carlos are the only three buyers of oranges, and only three oranges can be supplied per day. If the market price of an orange is $1.20, then the market quantity of oranges demanded per day is A、1 B、2 C、3 D、4简答题Li Hua bought a new cell phone for RMB 1350 yuan. She received consumer surplus of RMB 95 yuan on her purchase if her willingness to pay is A、RMB 95 yuan. B、RMB 1255 yuan. C、RMB 1350 yuan. D、RMB 1445 yuan.简答题Consumer surplus A、is the amount a buyer pays for a good minus the amount the buyer is willing to pay for it. B、is represented on a supply-demand graph by the area below the price and above the demand curve. C、measures the benefit sellers receive from participating in a market. D、measures the benefit buyers receive from participating in a market.简答题When the price rises from P1 to P2, which of the following statements is not true? A、The buyers who still buy the good are worse off because they now pay more. B、Some buyers leave the market because they are not willing to buy the good at the higher price. C、Buyers place a higher value on the good after the price increase. D、Consumer surplus in the market falls.简答题When a buyer 's willingness to pay for a good is equal to the price of the good, the A、buyer 's consumer surplus for that good is maximized. B、buyer will buy as much of the good as the buyer 's budget allows. C、price of the good exceeds the value that the buyer places on the good. D、buyer is indifferent between buying the good and not buying it.