Select the example below that corresponds to consumer surplus.
a. The price of gold increases to $300 per ounce, so many people start selling their gold.
b. George is willing to spend up to $1,000 on a laptop but is able to find one for $500.
c. The price of a house in a certain neighborhood is $300,000 for three bedrooms and two bathrooms. At this price, the market is clearing.
d. Emily usually works as a babysitter for a price of $15 per hour but is willing to work for as low as $10 per hour.
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Select the example below that corresponds to consumer surplus.
a. The price of gold increases to $3...
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