What is consumer surplusa the sum of the price the consumer, Ask an Expert

Economics

What is consumer surplus?

A. the sum of the price the consumer was willing to pay and the profit earned by the seller

B. the difference between the price a consumer pays and the price the consumer was willing to pay

C. the total revenue a seller earns in a market

D. the total profit a seller earns in a market

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91342288

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