Business, 16.07.2019 07:00 brendaslater49p6ttxt

Consumer surplus is a. the difference between the highest price a consumer is willing to pay and the price the consumer actually pays. b. the highest price a consumer is willing to pay to consume a good or service. c. the difference between the highest price a consumer is willing to pay and marginal benefit. d. the difference between the highest price a consumer is willing to pay and the lowest price a firm would be willing to accept. e. the difference between the lowest price a firm would be willing to accept and the price it actually receives. how does consumer surplus change as the equilibrium price of a good rises or falls? as the price of a good rises, consumer surplus decreases , and as the price of a good falls, consumer surplus increases .

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Consumer surplus is a. the difference between the highest price a consumer is willing to pay and the...