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Question #48218

Which best describes consumer surplus ?

Options:

A) The price consumers are willing to pray for a unit

B) The cost of providing a unit

C) The profits made by a firm

D) The difference the price a consumer pays for an item and the price he/she is willing to pay

Answer: Which best describes consumer surplus The difference the price a consumer pays for an item and the price he/she is willing to pay.

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