Question: Consumer surplus arises in a market because Multiple Choice the market price is higher than what some consumers are willing to pay for the product.

Consumer surplus arises in a market because Multiple Choice the market price is higher than what some consumers are willing to pay for the product. the market price is below what some consumers are willing to pay for the product. at the current market price, quantity supplied is greater than quantity demanded. at the current market price, quantity demanded is greater than quantity supplied

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