Answer to Question #307087 in Microeconomics for vinnie

Question #307087

If a buyer's willingness to pay for a new Honda is €20,000 and she is able to actually buy it for €18,000, her consumer surplus is

a.

€18,000.b.

€20,000.c.

€2,000.d.

€0.e.

€38,000.

Expert's answer

a. NO

€18,000.

b. NI

€20,000.

c. YES

€2,000.

d. NO

€0.

e. NO

€38,000.

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