Question
What is meant by consumer surplus? a)It is the net gain that buyers obtain from purchasing agood. b)It is the area enclosed by the demand
What is meant by consumer surplus?
a)It is the net gain that buyers obtain from purchasing agood.
b)It is the area enclosed by the demand and supply curves.
c)It is the difference between the good’s price and its cost perunit.
d)It is the maximum monetary amount that a person would bewilling to pay for a good.
e)It is the total satisfaction from the consumption of agood.
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
