briefly describe law of consumer surplus
Answers
Answered by
1
- Consumer surplus is defined as the difference between the consumers' willingness to pay for a commodity and the actual price paid by them, or the equilibrium price. It is positive when what the consumer is willing to pay for the commodity is greater than the actual price.
Answered by
3
Answer:
Here is your answer
Hope that this answer helps you.
Attachments:
Similar questions