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attashe74 [19]
3 years ago
7

Consumer surplus is a. the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it. b. the a

mount a buyer is willing to pay for a good minus the cost of producing the good. c. the amount by which the quantity supplied of a good exceeds the quantity demanded of the good. d. a buyer's willingness to pay for a good plus the price of the good.
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
4 0

Answer:

a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

Explanation:

We know that,

The  producer and consumer surplus are shown below:

Producer surplus = Market price - Actual amount to sell the goods

And, the consumer surplus = Willing to pay - Market price

The producer surplus is related to the producer whereas the consumer surplus is related to the buyer

Hence, option a is correct

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Explanation:

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Explanation:

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Scoop Masters Inc. has been charged by Fab Flavors Corp. with stealing Fab Flavors' patented process for making ice cream. After
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