Management Notes

Reference Notes for Management

The difference between what consumers have to pay for a particular and what they are willing to pay is known as

The difference between what consumers have to pay for a particular and what they are willing to pay is known as

The difference between what consumers have to pay for a particular and what they are willing to pay is known as

 Options:

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

The Correct Answer Is:

  • a. consumer surplus

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