Consumer surplus is equal to the a. Value to buyers - Amount paid by buyers. b. Amount paid by buyers - Costs of sellers. c. Val

Question

ValentinkaMS [17]

4 years ago

5

Consumer surplus is equal to the a. Value to buyers - Amount paid by buyers. b. Amount paid by buyers - Costs of sellers. c. Val

ue to buyers - Costs of sellers. d. Value to buyers - Willingness to pay of buyers.

Business

1 answer:

Jet001 [13] · Answer 1 · 2021-11-21T14:49:15+03:00

Jet001 [13]4 years ago

7 0

Answer:

a. Value to buyers - Amount paid by buyers

Explanation:

Consumer surplus is the area above the price and below the demand curve. It is the difference of value to the buyers and actual amount paid by the buyers.