define the consumer surplus?
Answers
Answered by
1
Answer:
Consumer Surplus is the difference between the price that consumers pay and the price that they are willing to pay. On a supply and demand curve, it is the area between the equilibrium price and the demand curve.
Answered by
6
Answer:
Ram Ram______❤
Consumer Surplus is the difference between the price that consumers pay and the price that they are willing to pay. On a supply and demand curve, it is the area between the equilibrium price and the demand curve. For example, if you would pay 76p for a cup of tea, but can buy it for 50p – your consumer surplus is 26p.
⏩Hope u like it_____❤
⏩Plz mark as brainliest_____❤
⏩❤Follow me❤⏪
⏩⚠❤☺❤⚠⏪
Similar questions