Exam Question
Consumer surplus is the difference between
- 1. amount consumer is willing to pay minus amount actually paid by the consumer
- 2. Amount consumer actually paid minus the amount consumer is willing to pay
- 3. Amount consumer actually paid minus the amount charged by the seller
- 4. Amount consumer is willing to pay minus the amount producer is wanting
View Answer
Answer 1. amount consumer is willing to pay minus amount actually paid by the consumer
Practice set and Exam Quiz
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