Ask Question
5 February, 19:33

a buyer's willingness to pay for a good plus the price of the good. the amount by which the quantity supplied of a good exceeds the quantity demanded of the good. the amount a buyer is willing to pay for a good minus the cost of producing the good. the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

+5
Answers (1)
  1. 5 February, 22:03
    0
    A buyer's willingness to pay for a good plus the price of the good means the buyer is indifferent between buying the good and not buying it.

    Surplus is the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.

    Producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.

    Consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “a buyer's willingness to pay for a good plus the price of the good. the amount by which the quantity supplied of a good exceeds the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers