In economics, what term describes the difference between what consumers are willing to pay for a good or service and what they actually pay?
A) Producer surplus
B) Demand surplus
C) Consumer surplus
D) Market surplus

Question

14-07-2024
Business

Answered

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In economics, what term describes the difference between what consumers are willing to pay for a good or service and what they actually pay?
A) Producer surplus
B) Demand surplus
C) Consumer surplus
D) Market surplus

Sagot :

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In economics, what term describes the difference between what consumers are willing to pay for a good or service and what they actually pay?A) Producer surplusB) Demand surplusC) Consumer surplusD) Market surplus

Sagot :

Other Questions

In economics, what term describes the difference between what consumers are willing to pay for a good or service and what they actually pay?
A) Producer surplus
B) Demand surplus
C) Consumer surplus
D) Market surplus