If consumers' surplus is $30 and the price paid for the good is $50, then the maximum price a buyer is willing and able to pay f

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Ulleksa [173]

3 years ago

8

If consumers' surplus is $30 and the price paid for the good is $50, then the maximum price a buyer is willing and able to pay f

or the good is $80. $30. $50. $20. there is not enough information to answer the question.

Business

1 answer:

DiKsa [7] · Answer 1 · 2022-05-20T17:59:01+03:00

If consumers' surplus is $30 and the price paid for the good is $50, then the maximum price a buyer is willing and able to pay for the good is $20. To solve for this question, subtract the surplus amount of $30 and the actual price paid of $50 together. Consumer surplus is defined as the difference in the amount of money that a consumer is willing to pay vs what they actually pay for a good or service.