Consumer surplus or consumers' surplus is the monetary gain obtained by consumers because they are able to [...].
Answer
purchase a product for a price that is less than the highest price that they would be willing to pay
Tags
#cfa #economics #surplus
Question
Consumer surplus or consumers' surplus is the monetary gain obtained by consumers because they are able to [...].
Answer
?
Tags
#cfa #economics #surplus
Question
Consumer surplus or consumers' surplus is the monetary gain obtained by consumers because they are able to [...].
Answer
purchase a product for a price that is less than the highest price that they would be willing to pay
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Open it Consumer surplus or consumers' surplus is the monetary gain obtained by consumers because they are able to purchase a product for a price that is less than the highest price that they would be willing to pay.
Original toplevel document
Economic surplus - Wikipedia, the free encyclopedia ing consumer (red) and producer (blue) surpluses on a supply and demand chart
In mainstream economics, economic surplus, also known as total welfare or Marshallian surplus (named after Alfred Marshall), refers to two related quantities. <span>Consumer surplus or consumers' surplus is the monetary gain obtained by consumers because they are able to purchase a product for a price that is less than the highest price that they would be willing to pay. Producer surplus or producers' surplus is the amount that producers benefit by selling at a market price that is higher than the least that they would be willing to sell for; this is rou
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