What happens to buyers who are willing to pay more than the price of a good?

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Prepare for the TAMU ECON202 Principles of Economics Exam 1 with detailed study guides and multiple choice questions. Boost your understanding and confidence ahead of exam day!

When buyers are willing to pay more than the price of a good, it indicates that they value the good higher than its market price, demonstrating consumer surplus. In a typical market scenario operating under equilibrium conditions, these buyers will successfully purchase the good at the market price, which is lower than what they are willing to pay. This situation leads to transactions where buyers receive the good, and the market clears, meaning that the quantity supplied equals the quantity demanded at that price. Therefore, option B correctly reflects that these buyers do indeed receive the good in equilibrium, illustrating an effective market exchange where both buyers and sellers benefit from the transaction.