Management Notes

Reference Notes for Management

_____ represents the difference between what consumers have to pay for a product and what they are willing and able to pay.

_____ represents the difference between what consumers have to pay for a product and what they are willing and able to pay.

_____ represents the difference between what consumers have to pay for a product and what they are willing and able to pay.

 Options:

a. producer surplus
b. deadweight surplus
c. government surplus
d. consumer surplus

The Correct Answer Is:

  • d. consumer surplus

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