Question

Jackie finds a pair of jeans that she likes but the price tag is missing. She is willing to buy it as long as it's not more than $100. The cashier informs Jackie that the price is $72. Jackie buys the jeans, and therefore achieved a consumer surplus of:
A. $100 because that is what she was willing to payB. $72 the price that she actually paidC. $28 the difference between what she was willing to pay and the priceD. $0 because the jeans were not actually discount

Answer 1

Answer:c-$28 the difference between what she was willing to pay and price paid

Explanation:

Consumer surplus is the amount which the person is willing to pay minus actual price he pays for any good or service.

here Willing Price=$100

Actual Pay=$72

consumer surplus=100-72

consumer surplus=$ 28