Consumer surplus is the difference between: (a) Amount consumer is willing to pay minus amount actually paid by the consumer (b) Amount consumer actually paid minus the amount consumer is wiling to pay (c) Amount consumer actually paid minus the amount charged by the seller (d) Amount consumer is willing to pay minus the amount producer is wanting

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Consumer surplus is the difference between:
(a) Amount consumer is willing to pay minus amount actually
paid by the consumer
(b) Amount consumer actually paid minus the amount consumer
is wiling to pay
(c) Amount consumer actually paid minus the amount charged
by the seller
(d) Amount consumer is willing to pay minus the amount
producer is wanting
Transcribed Image Text:Consumer surplus is the difference between: (a) Amount consumer is willing to pay minus amount actually paid by the consumer (b) Amount consumer actually paid minus the amount consumer is wiling to pay (c) Amount consumer actually paid minus the amount charged by the seller (d) Amount consumer is willing to pay minus the amount producer is wanting
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