Asked by Deandra Kirkland on Jul 06, 2024

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If a bookstore were having a half-price sale,instead of buying three books,you bought six.Because of the sale,your consumer surplus

A) declined.
B) stayed the same.
C) rose.
D) doubleD.

Consumer Surplus

The difference between the total amount consumers are willing and able to pay for a good or service versus the total amount they actually pay.

  • Understand how special pricing (such as sales or discounts) affects consumer surplus.
  • Familiarize yourself with the concept of consumer surplus and how to evaluate it in different scenarios.
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MB
Mario BravoJul 11, 2024
Final Answer :
C
Explanation :
Consumer surplus is the difference between the price that a consumer is willing to pay and the actual price paid. In this case, the half-price sale decreased the actual price paid, leading to an increase in consumer surplus. By buying more books than originally planned, the consumer may have paid more in total, but the discount on each individual book increased their overall value and satisfaction, leading to a higher consumer surplus.