Answer to Question #302930 in Microeconomics for Maeli

Question #302930

Consumer surplus indicate that



1
Expert's answer
2022-02-28T11:40:44-0500

The consumer surplus depicts the benefits that purchasers obtain as a result of their purchases of products and services.

It shows that individuals are willing to pay more than the market price for a certain commodity or service.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS