Which of the following would be the best example of consumer surplus?
A) Shaniqua does not get cell-phone service because she feels that it is worth less than the $30 a month fee.
B) Nicolas pays $8 for a haircut that is worth $10 to him.
C) Diego buys a house for $104,000, the maximum amount that he would be willing to pay for it.
D) Isabella purchases a book for $20 and uses a credit card to pay for it.

Question

Quizplus · Accepted Answer

Nicolas pays $8 for a haircut that is worth $10 to him. This means that he is getting a surplus of $2 from the purchase, which is an example of consumer surplus.

Which of the Following Would Be the Best Example of Consumer