In an unregulated, competitive market consumer surplus exists ...

[fox]

In an unregulated, competitive market consumer surplus exists because some
 
  A) sellers are willing to take a lower price than the equilibrium price.
  B) consumers are willing to pay more than the equilibrium price.
  C) sellers will only sell at prices above equilibrium price (or actual price).
  D) consumers are willing to make purchases only if the price is below the actual price.

Question 2

Second-degree price discrimination is the practice of charging
 
  A) the reservation price to each customer.
  B) different prices for different quantity blocks of the same good or service.
  C) different groups of customers different prices for the same products.
  D) each customer the maximum price that he or she is willing to pay.

[jessofishing]

Answer to Question 1

B

Answer to Question 2

B

[fox]

TYSM

[kswal303]

Excellent