Consumer surplus" is:
a) The difference between what consumers are willing to pay for a good and what they actually pay.
b) The difference between total revenue and total cost.
c) The additional satisfaction gained from consuming one more unit of a good.
d) The amount by which supply exceeds demand.

Question

24-06-2024
Business

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Consumer surplus" is:
a) The difference between what consumers are willing to pay for a good and what they actually pay.
b) The difference between total revenue and total cost.
c) The additional satisfaction gained from consuming one more unit of a good.
d) The amount by which supply exceeds demand.

Sagot :

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