Needing a new pair of shoes, Joe has decided to look up shoes online and liked a pair that costs P7000.00 pesos which sets his mind that he will need P7000.00 pesos for a new pair of shoes. However, as he is hesitant buying stuff online he decided to go to a mall instead. At the mall he went to, he found a very similar shoes that only costs P5000.00. This scenario depicts which concept?     consumer surplus producer surplus online scamming marginal analysis

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Needing a new pair of shoes, Joe has decided to look up shoes online and liked a pair that costs P7000.00 pesos which sets his mind that he will need P7000.00 pesos for a new pair of shoes. However, as he is hesitant buying stuff online he decided to go to a mall instead. At the mall he went to, he found a very similar shoes that only costs P5000.00. This scenario depicts which concept?
 
 
consumer surplus
producer surplus
online scamming
marginal analysis
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