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kirill115 [55]
3 years ago
9

You go to the grocery store to buy a gallon of milk, expecting to pay $4.50 for it. Once you get there, you discover it is on sa

le for $2.50. The extra $2 that you saved on the $4.50 you were willing to pay for it represents A.Consumer surplus B.productive Efficiency C.Allocative efficiency D.producer surplus. Please help!!!
Business
1 answer:
DIA [1.3K]3 years ago
3 0

The extra $2 that you saved on the $4.50 you were willing to pay for it represents consumer surplus. Consumer surplus is the difference between the total amount that a consumer is willing to pay for a good or service versus what they actually pay for the good or service. The $2 represents what the consumer was willing to pay for the milk.

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