Asked by J. Michael Berner on Apr 25, 2024
If the price was $6,her consumer surplus would be
A) $40.
B) $30.
C) $10.
D) $6.
E) None of the choices are true.
Consumer Surplus
The variance between what consumers are prepared and capable of spending for a product or service compared to the actual amount they end up paying.
- Achieve an understanding and apply the rationale of consumer surplus.
Learning Objectives
- Achieve an understanding and apply the rationale of consumer surplus.