Consumer surplus measures: the difference between the quantity demanded and the quantity supplied at a given price. the difference between the most a buyer would be willing to pay for a product and the price actually paid. the increase in a buyer's total utility when the buyer purchases additional units of a good. the difference between a buyer's marginal utility from consuming a product and the price actually paid.

Question

Business

Lilly Berg

17 November, 02:03

Consumer surplus measures: the difference between the quantity demanded and the quantity supplied at a given price. the difference between the most a buyer would be willing to pay for a product and the price actually paid. the increase in a buyer's total utility when the buyer purchases additional units of a good. the difference between a buyer's marginal utility from consuming a product and the price actually paid.

+1

Answers (1)

Know the Answer?

Lesly Rodriguez · Answer 1

Its like this buyers for supermarkets or any stores selling a product are going to over buy because of the fact that there sales might sky rocket and they could posibbly sell them all