Social welfare is not maximized if the amount of output produced is greater than the equilibrium quantity because: Multiple choice question. consumers want too much of the product so the marginal benefit exceeds the marginal cost. prices are too low the number of consumers is too high and producers flee the market. unsold production results in a waste of resources that could have been employed to produce other goods and services more wanted by consumers. unsold production results in excess inventories that drive prices below the marginal cost.What is the difference between the maximum price consumers are willing and able to pay for a good or a service and the price they actually pay called? Multiple choice question. Consumer value Consumer surplus Consumer utility Consumer profit