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Zolol [24]
3 years ago
6

Consumer​ surplus:

Business
2 answers:
elena-14-01-66 [18.8K]3 years ago
8 0

Consumer surplus is the difference between the maximum amount the consumer is willing to pay for the price of the good and the price that was actually paid by the consumer or commonly known as the current market price. The price that the consumer is willing to pay is determined by the demand curve in the market.

Gre4nikov [31]3 years ago
6 0

B. represents the maximum amount a person is willing to pay for a particular good.

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