_______ is best described as the difference between the value a consumer attaches to a good or service and what he or she paid f

Question

Mandarinka [93]

3 years ago

7

_______ is best described as the difference between the value a consumer attaches to a good or service and what he or she paid f

or it. consumer equity consumer lifetime value consumer surplus consumer price index references multiple choice

Business

1 answer:

zysi [14] · Answer 1 · 2022-02-25T14:58:56+03:00

Consumer Surplus

This is the difference between what consumers are willing and able to pay and what they actually do pay. You may be willing to spend up to $100 on a new pair of shoes but if you find the perfect pair on sale for $20 you will buy those and there will be an $80 surplus.