According to the quantity theory of money, changes in the price level are primarily the result of changes in the:
A. quantity of money.
B. total output.
C. unemployment rate.
D. rate of spending.
Answer: A
Economics
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Bryce saw a motorcycle for sale online. He had been wanting that model of motorcycle and was willing to pay $5,000. The one he saw online was listed for $3,500, so he immediately bought it. In this case, how much was the consumer surplus?
a. $1,500 b. $3,500 c. $5,000 d. $8,500
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